The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 3.6% in the last month of the first Iranian month (March 21-April 20), unchanged from the previous month.
The inflation gap in “food, beverages and tobacco” group among income deciles grew 0.4 percentage points and that of “non-food and services” group fell by 0.3 percentage points compared with the previous month.
The average goods and services Consumer Price Index in the 12-month period ending April 20 increased by 41.7% for the first decile (those with the lowest income) while it grew by 38.2% for the 10th decile (those with the highest income).
The annual inflation of “food, beverages and tobacco” surged by 50.2% for the first decile and 50.4% for the 10th decile. “Non-food and services” inflation grew by 33.7% for the first decile and 35.2% for the 10th decile.
Average annual inflation rates swelled by 41.4% for the second decile compared with last year’s corresponding period; 40.6% for the third decile; 40.1% for the fourth; 39.7% for the fifth decile; 39.2% for the sixth decile; 38.8% for the seventh decile; 38.3% for the eighth and 38.1% for the ninth decile.
The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 445.1 for the 10th decile and the lowest was 413.1 for the sixth decile.
The first decile registered a month-on-month inflation of 3.7%, second and fourth each registered 3.6% growth, third, fifth and sixth registered 3.5%, seventh and eighth each registered 3.4% growth, the ninth month registered 3.3% growth and the 10th decile posted 3.2%.
Inflationary Uptrend
The year-on-year inflation rates increased by 29.9% for the first and seventh deciles during the month under review; 30% for the second; 29.6% for third; 29.4% for fourth and fifth; 29.5% for sixth; 30.2% for eighth; 31.3% for ninth and 34.3% for 10th decile.
Income deciles are groupings that result from ranking either all households or all persons in the population in the ascending order according to income and then dividing the population into 10 groups, each comprising approximately 10% of the estimated population.
Irrespective of income deciles, the overall goods and services CPI in the 12-month period ending April 20 increased by 39.2% compared with the corresponding period of the year before, new data released by the Statistical Center of Iran show.
The general consumer inflation for the month under review (March 21-April 20) registered an increase of 35.6% compared with the similar month of the previous Iranian year.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 415 for the month ending April 20, indicating a 3.3% rise compared with the month before.
SCI put average inflation for urban and rural areas at 38.7% and 41.6%, respectively.
CPI registered a year-on-year increase of 35.2% for urban areas and 37.2% for rural areas in the month.
The overall CPI reached 409.4 for urban households and 446.5 for rural households, indicating a month-on-month increase of 3.2% and 4%, respectively.
The highest and lowest monthly growth in the index among 12 groups of the basket of consumer goods and services purchased by households in the Iranian month ending March 20 was recorded for “food and beverages”, “hotels and restaurants” and “miscellaneous items and services” with 4.8% each and “education” with 0.4% month-on-month.
The highest year-on-year inflation in the month under review was posted for “hotels and restaurants” with 55.2% while the lowest YOY inflation was registered for “communications” with 4.6%.
The highest and lowest annualized inflation rates were registered for “hotels and restaurants” with 61.9% and “communications” with 5.5%.
With a coefficient of 26.64%, the CPI of “food and beverages” stood at 569.3 in the month ending April 20, indicating a 4.7% increase compared with the previous month. The index registered a year-on-year increase of 43.4%.
The CPI of the group increased by 50.8% in the 12-month period ending April 20 year-on-year.
