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Inflation rate in Iran increasing

Finance Materials 23 November 2020 13:14 (UTC +04:00)
Inflation rate in Iran increasing

BAKU, Azerbaijan, Nov. 23

By Elnur Baghishov – Trend:

The inflation rate in Iran increased by 46.4 percent in the 8th month of the current Iranian year (October 22 through November 20, 2020) compared to the same month last Iranian year, Trend reports referring to the Statistical Center of Iran.

The statistics shows that families spent an average of 46.4 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 56.5 percent in the 8th month, while in the non-food and services sector was 41.8 percent, according to the statistics.

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

Whole index

Food, soft drinks and tobacco products

Non-food and services sector

The 8th month of the current Iranian year (October 22 through November 20, 2020)

The 7th month of the current Iranian year (September 22 through October 21, 2020)

The 8th month of the current Iranian year (October 22 through November 20, 2020)

The 7th month of the current Iranian year (September 22 through October 21, 2020)

The 8th month of the current Iranian year (October 22 through November 20, 2020)

The 7th month of the current Iranian year (September 22 through October 21, 2020)

Country

5.2

7.0

13.0

5.7

1.6

7.6

City

4.7

7.1

12.7

5.8

1.4

7.6

Village

7.6

6.9

14.0

5.6

2.6

7.8

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

The 8th month of the current Iranian year (October 22 through November 20, 2020)

The 7th month of the current Iranian year (September 22 through October 21, 2020)

The 8th month of the current Iranian year (October 22 through November 20, 2020)

The 7th month of the current Iranian year (September 22 through October 21, 2020)

The 8th month of the current Iranian year (October 22 through November 20, 2020)

The 7th month of the current Iranian year (September 22 through October 21, 2020)

Country

46.4

41.4

56.6

40.5

41.8

41.9

City

45.7

41.3

55.8

40.1

41.6

41.8

Village

50.3

42.2

59.4

42

43.2

42.3

Price index of consumer goods and services in Iran:

Significance factor

Index

Percentage change

Compared to the 7th month of the current Iranian year (September 22 through October 21, 2020)

Compared to the 8th month of the last Iranian year (October 23 through November 21, 2019)

Comparison of the last 12 months (November 22, 2019 through November 20, 2020), with the preceding 12 months (November 22, 2018 through November 21, 2019)

Index

100

275

5.2

46.4

29.0

Food and soft drinks

26.64

338

13.2

56.7

25.1

Food

25.55

335.6

13.4

57.1

24.4

Bread and grain

6.67

284.5

6.8

59.4

37.3

Meat

5.91

370.6

17.7

46.1

12.1

Poultry

5.14

373.6

19.1

46.4

10.9

Fish

0.77

350.4

8.3

44.0

21.0

Milk, cheese and eggs

2.80

312

3.1

48.5

32.5

Oil

1.29

304

18.7

59.8

18.6

Fresh fruits, dry fruits

3.43

355.7

9.6

65.2

27.7

Granulated sugar, jams, honey, chocolate, etc.

1.44

292.3

3.5

47.2

31.9

Other products

0.98

309.9

4.9

24.5

9.0

Tea, coffee, cacao, and other soft drinks

1.10

393.3

8.8

49.9

39.9

Tobacco products

0.59

420.9

6.2

50.7

21.8

Clothing and footwear

4.78

291.1

4.0

42.9

33.0

Water, electric power, gas

35.50

205.8

1.0

26.0

23.6

Furniture and household appliances

3.93

358.6

5.3

55.0

34.1

Medical treatment

7.14

218.7

3.2

33.9

25.0

Transport

9.41

373.9

-1.1

96.5

63.7

Communication

2.87

181.9

0.8

25.4

10.0

Entertainment

1.65

346.9

4.2

50.2

32.9

Education

1.86

207

1.9

20.9

21.2

Hotel and restaurant

1.44

249.5

5.7

33.4

25.3

Goods and services

4.18

291.5

2

44.2

30

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