Iran: What is the increase in commodity prices?

Published 2021년 10월 24일

Tridge summary

The Statistics Center of Iran reports a slight decrease in inflation for October, with the annual rate at 45.4%, point-to-point at 39.2%, and monthly at 3.7%. Food products experienced the highest increase, with an average of 61.3% rise year-on-year. Notably, the cost of vegetables surged by 90.7%. Non-food items also saw price hikes, with hotels and restaurants having the highest increase at 67.3%. Transportation, especially cars, also became more expensive, with a 19.5% increase. The group with the highest annual inflation was oils and fats at 94.9%, while the communication group saw the lowest monthly inflation at 1.1%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to ISNA, what the Statistics Center of Iran recently announced about the situation of the inflation index in October showed that, unlike the last few months, inflation has not increased and has decreased slightly in all three sectors; Annual inflation has dropped to 45.4 percent, point-to-point 39.2 percent and monthly inflation to 3.7 percent. But a detailed study of inflation among food items and services shows that food products have increased by an average of 61.3 percent compared to last year, among which the vegetable group with 90.7 percent has the highest rate of price increase. Other items include goods and services, ranging from 1.1 percent, which is the lowest price increase for the communications group, to items, many of which have inflation above 50 percent. Red and white meat group 52.1, fish and shellfish 69.6, milk and cheese and eggs 71.9, oils and fats 72.6, fruits and nuts 70.1, sugar and jam and honey and honey and chocolate and sweets 62. 5, tea and ...
Source: Isna

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.