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Inflation rate grows in Iran

Finance Materials 23 September 2020 13:46 (UTC +04:00)
Inflation rate grows in Iran

BAKU, Azerbaijan, September 23

By Elnur Baghishov – Trend:

The inflation rate in Iran increased by 34.4 percent in the 6th month of the current Iranian year (August 22-September 21, 2020) compared to the same month last Iranian year, Trend reports referring to the Statistical Center of Iran.

The report shows that families spent an average of 34.4 percent more on some products and services compared to the same month of the last Iranian year.

The inflation on food, soft drinks and tobacco products in Iran was 31.5 percent in the 5th month, while in the non-food and services sector was 35.9 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

6th month of the current Iranian year (August 22- September 21, 2020)

5th month of the current Iranian year (July 22-August 21, 2020)

6th month of the current Iranian year (August 22- September 21, 2020)

5th month of the current Iranian year (July 22-August 21, 2020)

6th month of the current Iranian year (August 22- September 21, 2020)

5th month of the current Iranian year (July 22-August 21, 2020)

Country

3.6

3.5

3

3.6

3.9

3.4

City

3.6

3.5

3

3.8

3.9

3.4

Village

3.5

3.2

2.8

2.9

4

3.5

Percentage of change of CPI - Consumer Price Index compared to the same months last Iranian year:

Whole index

Food, soft drinks and tobacco products

Non-food and services sector

6th month of the current Iranian year (August 22- September 21, 2020)

5th month of the current Iranian year (July 22-August 21, 2020)

6th month of the current Iranian year (August 22- September 21, 2020)

5th month of the current Iranian year (July 22-August 21, 2020)

6th month of the current Iranian year (August 22- September 21, 2020)

5th month of the current Iranian year (July 22-August 21, 2020)

Country

26

25.8

21.5

22.1

28.2

27.6

City

26.1

25.9

21.4

22

28.1

27.5

Village

25.4

25.4

21.9

22.3

28.3

28

Price index of consumer goods and services in Iran:

Significance factor

Index

Percentage change

Compared to 5th month of the current Iranian year (July 22-August 21, 2020)

Compared to 6th month of last Iranian year (August 23- September 22, 2019)

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

Index

100

244.3

3.6

34.4

26

Food and soft drinks

26.64

282.5

3

31.4

21.7

Food

25.55

280.1

2.9

31.4

20.9

Bread and grain

6.67

249.7

3.2

45.2

32.8

Meat

5.91

303

1.7

14.5

12.7

Poultry

5.14

302.8

1

13.2

11.6

Fish

0.77

304.8

6.6

23.9

21.2

Milk, cheese and eggs

2.80

280.9

6.8

39.3

29.3

Oil

1.29

220.3

4.2

16.4

13.5

Fresh fruits, dry fruits

3.43

317.4

0.8

47.5

20.4

Granulated sugar, jams, honey, chocolate, etc.

1.44

273.0

2.1

38.3

30.7

Other products

0.98

282.3

3.1

8.6

8.9

Tea, coffee, cacao, and other soft drinks

1.10

337.3

5.1

32.1

40.7

Tobacco products

0.59

372.3

1.4

33.7

13.9

Clothing and footwear

4.78

264.2

3.4

34.4

32.1

Water, electric power, gas

35.5

194.8

2.7

26.2

23.1

Furniture and household appliances

3.93

314.8

4.1

39.4

31.3

Medical treatment

7.14

198.4

2.2

25.9

23.6

Transport

9.41

323.2

8.4

80.8

51.5

Communication

2.87

170.9

2.9

16.8

6.2

Entertainment

1.65

310.3

4.2

37.6

29.9

Education

1.86

190.2

3.5

25.4

21.7

Hotel and restaurant

1.44

227

2.6

24.6

26

Goods and services

4.18

269.4

2.7

35.9

27

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