Inflation Surpasses 49%: SCI

The average annualized inflation in the second month of the current Iranian year (April 21-May 21) stood at 49.1%, up from 47.6% reported in the previous month and 45.8% in the month before, the Statistical Center of Iran said in a new report released on Wednesday.
The general goods and services Consumer Price Index (using the Iranian year to March 2022 as the base year) stood at 185.5 in the month under review, indicating a month-on-month rise of 2.8% and a year-on-year rise of 54.6%.
Among 12 groups of goods and services reviewed by SCI, the highest and lowest annualized inflation rates were respectively registered for “hotels and restaurants” with 85.3% and “communications” with 14.3%.