Iran: Consumer prices up 36%

Published 2021년 5월 5일

Tridge summary

The article reports on the significant inflation experienced in Iran during the 2020-21 fiscal year, with the average Consumer Price Index (CPI) rising by 36.4% compared to the previous year. This inflation was not evenly distributed across the country and across different income deciles. The highest inflation was recorded in Kermanshah Province at 40.1%, while the lowest was in Markazi Province at 33.3%. The food items that experienced the most price increase were bread and grains, fruits and nuts, and dairy products, while the prices of potatoes, onions, and tomato paste decreased.

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Original content

EghtesadOnline: The average goods and services Consumer Price Index in the 2020-21 fiscal year, increased by 36.4% compared to the corresponding period the year before, the Statistical Center of Iran reported. It put last fiscal’s urban and rural annual inflation at 36.2% and 37.7%, respectively. Average CPI (using the Iranian year to March 2017 as base year) was 252.6 -- 250.6 for urban areas, and 263.5 for rural areas, indicating 1.6%, 1.8%, and 0.4% rise, respectively, over the year before. Consumer price of the “food, beverages and tobacco” group on average increased by 39% -- for urban areas it was 38.7% and 39.9% in rural areas, indicating 3.6%, 4%, and 2.3% decline compared to the year before. For the “non-food goods and services” group prices increased by 35.2%. In urban areas it shot up 35.1% and in rural regions 35.8% -- indicating 3.8%, 4%, and 2.3% growth, respectively, compared with the year before.The highest monthly inflation rates last year were ...

Source: Eghtesadonline.com