Inflation in Iran: mutton prices up by 70%
Baku, Azerbaijan, Feb. 4
By Elnur Baghishov – Trend:
Prices of mutton increased by 70 percent during the 10th month of the current Iranian year (started March 21, 2018), compared to the same period last year, said Javad Hosseinzadeh, Deputy Director of Economic Affairs of Iran's Statistics Center, Trend reports referring to IRIB.
According to him, 1,100 meat stores were evaluated in cities across the country during the 10th of the current year. As such, it was found that mutton prices rose from 490,000 rials (app. $11.6) to 995,000 rials (app. $23.6).
Hosseinzadeh added that research made on 475 products during the 10th month shows that the average inflation rate now stands at 39.6%.
"Food product inflation is at 57.5 percent, with that of non-food products at 32 percent, and durable products (e.g. household appliances) at 82 percent," he said.
The price of tomatoes went up by more than 200 percent, and water, electricity and electricity by more than 14 percent.
Hosseinzadeh also said that the economic growth during the first half of the current Iranian calendar was at 0.4 percent (including oil revenues) and 0.3 percent (excluding oil revenues).