Ilam Province’s goods and services Consumer Price Index registered an increase of 60.8% during the fourth Iranian month (June 22-July 22) compared with the similar month of last year, the highest among all of Iran's provinces.
The year-on-year CPI increase was the lowest for Fars Province with 41.8%, the Statistical Center of Iran reported.
The overall goods and services CPI in Iran registered a YOY increase of 48% for the month.
The overall CPI calculated for the country (using the Iranian year to March 2017 as the base year) stood at 179.7 in the month ending July 22, indicating a 2.8% rise compared with the previous month.
The growth in CPI compared with the previous month was the highest for Lorestan (5.4%) and lowest for Sistan-Baluchestan (0.7%).
The goods and services CPI in Iran in the 12-month period ending July 22 increased by 40.4% compared with last year’s corresponding period. Kurdestan Province saw the highest annual inflation with 48.8% while Qom posted the lowest of 34.1%.
Annual inflation gap for all Iranian households among provinces was 14.7% during the period, indicating a 1% increase compared with the month before.
Urban Households
The overall CPI calculated for urban areas stood at 178.4 during the fourth month of the current Iranian year, indicating a 2.9% rise compared with the previous month.
The growth in CPI measured for urban households compared with the previous month was the highest for Lorestan (6.2%) and lowest for Sistan-Baluchestan (0.9%).
The index registered an average year-on-year increase of 46.9% for urban areas. Goods and Services Consumer Price Index in the urban areas of Ilam registered a year-on-year increase of 59.7% during the Iranian month ending July 22, the highest among all provinces.
The YOY CPI increase in urban areas was the lowest for Fars with 39.7%.
The overall goods and services CPI of urban areas in the 12-month period ending July 22 increased by 39.7% compared with last year’s corresponding period.
Ilam registered the highest annual inflation rate for urban areas with 47.6%, while Hormozgan posted the lowest with 33.3%.
Annual inflation gap among urban areas of provinces was 14.3%, indicating a 1% increase compared with the month before.
Rural Households
The overall CPI calculated for rural areas stood at 186.5 in the month under review, indicating a 1.8% rise compared with the previous month. The growth in CPI for rural areas compared with the previous month was the highest for Isfahan and Alborz provinces (3.8%) and lowest for Kohgilouyeh-Boyerahmad Province (1.1%).
The index registered an average year-on-year increase of 54.3% for rural areas in the same month. The rural areas of Ilam’s goods and services Consumer Price Index registered the YOY increase of 66% during the fourth month of the Iranian year, the highest among all provinces. The YOY CPI increase in rural areas was the lowest for Kerman with 44.9%.
The overall goods and services CPI of rural areas for the 12-month period leading to July 21, increased by 44.4% compared with last year’s corresponding period.
Kurdestan Province registered the highest 12-month inflation of rural areas with 53.4%, while Alborz Province posted the lowest of 37%.
Annual inflation gap among rural areas of provinces was 16.4%, indicating a 1.3% increase compared with the month before.
Rich-Poor Inflation Divide Unchanged
The average annual inflation gap measured by SCI among income deciles stood at 3% in the Iranian month ending July 22, indicating no change compared with the previous month.
The average goods and services Consumer Price Index in the 12-month period ending July 22 increased by 40.1% for the first decile (those with the lowest income) while it grew by 43.1% for the 10th decile (those with the highest income).
The second and third deciles saw their 12-month average inflation rates grow by 41.3% and 41.2%, respectively, compared with last year’s corresponding period.
The annual inflation rate for the fourth decile increased by 41.1% in the same month, the fifth decile 41%, the sixth decile 40.8%, the seventh decile 41.4%, the eighth 41.5% and the ninth decile 41.9%.
The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 183.7 for the 10th decile and the lowest index was 178.4 for the first decile.
The year-on-year inflation rates increased by 48% for the first decile during the month under review, 49% for second, 48.8% for third, 48.6% for fourth, 48.5% for fifth, 48.1% for sixth, 48.8% for seventh and eighth, 49.3% for ninth and 50.7% for the 10th decile.
Income deciles are groupings that result from ranking either all households or all persons in the population in the ascending order, based on income, and then dividing the population into 10 groups, each comprising approximately 10% of the estimated population.
