Household cost of 16 items in Iran increased above 50%

Published Jun 23, 2021

Tridge summary

Iran saw an increase in inflation to 43% annually and 2.5% monthly in the last month, while household spending on goods and services grew by 47.6% year-on-year. The cost of communications was the only group to see a decrease in cost, less than 20% and 11.8% compared to last year. However, all other goods and services saw an increase of more than 20%, with some categories, such as food and beverages, experiencing a rise of 62.7% and certain items like oil and fats, increasing by 112.7%. Other categories like hotel and restaurant, sugar, furniture, red meat, and bread also saw price increases of over 50%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to ISNA, the latest inflation situation last month showed an upward trend in all three indicators; Annual inflation has reached 43% and monthly inflation has reached 2.5%. But in the meantime, household spending on goods and services had grown by an average of 47.6 percent over the previous year. Lowest cost for communications However, a study of the situation of different groups of goods and services also shows that except for the group of communications, which has increased in cost by less than 20% and about 11.8% compared to last year, the rest of the goods are above 20%, while 16 groups of goods And services increased by more than 50%. Among items, the food and beverage group has risen by an average of 62.7 percent more than last year, and the food group has imposed a 61.9 percent increase in spending on Iranian households. Oil on top of rising prices In other items, we can mention the group of "oils and fats", which, according to the previous months, is still at the ...

Source: Isna