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Inflation rate rises in Iran

Business Materials 22 July 2020 15:33 (UTC +04:00)
Inflation rate rises in Iran

BAKU, Azerbaijan, July 22

By Elnur Baghishov – Trend:

The inflation was 26.9 percent in Iran in the 4th month of the current Iranian year (June 21-July 21, 2020) compared to the same month last Iranian year, Trend reports referring to the Iranian Statistical Center’s report.

The report shows that families spent an average of 26.9 percent more on some products and services compared to the same month of last Iranian year.

The inflation in food, soft drinks and tobacco products in Iran was 21 percent in the 4th month, while in the non-food and services sector was 29.8 percent, according to the report.

Percentage of monthly change of the Consumer Price Index (CPI):

Whole index

Food, soft drinks and tobacco products

Non-food and services sector

3rd month of the current Iranian year (May 21-June 20)

4th month of the current Iranian year (June 21-July 21)

3rd month of the current Iranian year (May 21-June 20)

4th month of the current Iranian year (June 21-July 21)

3rd month of the current Iranian year (May 21-June 20)

4th month of the current Iranian year (June 21-July 21)

Country

2

6.4

2.4

6.7

1.8

6.3

City

2

6.5

2.4

6.7

1.8

6.5

Village

2.2

5.9

2.5

6.7

2

5.2

Price index of consumer goods and services in Iran:

Significance factor

Index

Percentage change

Compared to 3rd month of current Iranian (May 21-June 20, 2020)

Compared to 4th month of last Iranian year (June, 22- July 22, 2019)

Comparison of the last 12 months (July 23, 2019-July 21, 2020), with the preceding 12 months (July 23, 2018- July 22, 2019)

Index

100

227.9

6.4

26.9

26.4

Food and soft drinks

26.64

264.9

6.7

20.9

24.2

Food

25.55

263.4

6.7

20.3

23.3

Bread and grain

6.67

231.7

7.3

36.5

31.4

Meat

5.91

288.0

12.9

11.7

19.7

Poultry

5.14

290.0

13.0

11.7

18.6

Fish

0.77

274.8

5.4

11.9

28.2

Milk, cheese and eggs

2.80

250.5

11.4

30.5

29.8

Oil

1.29

202.5

2.6

8.2

17.0

Fresh fruits, dry fruits

3.43

307.6

0.4

26.9

18.1

Granulated sugar, jams, honey, chocolate, etc.

1.44

255.4

5.9

29.5

32.9

Other products

0.98

266.6

2.7

2.6

18.4

Tea, coffee, cacao, and other soft drinks

1.10

300.1

5.3

36.1

46.6

Tobacco products

0.59

347.3

7.0

23.8

12.5

Clothing and footwear

4.78

247.3

4.8

31.0

34.4

Water, electric power, gas

35.50

184.6

6.9

24.6

22.7

Furniture and household appliances

3.93

285.4

6.4

31.2

34.1

Medical treatment

7.14

190.8

5.3

23.3

23.9

Transport

9.41

283.5

7.0

55.9

45.4

Communication

2.87

163.4

3.7

10.3

7.3

Entertainment

1.65

284.4

7.0

30.1

32.2

Education

1.86

179.8

3.3

22.0

21.5

Hotel and restaurant

1.44

214.2

6.3

21.3

29.3

Goods and services

4.18

252.7

5.8

29.8

27.8

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