Iran transportation inflation surpasses 57%

The average goods and services Consumer Price Index of “transportation” in the 12-month period ending Sept. 22, which marks the end of the sixth Iranian month of the fiscal 2021-22, increased by 57.6% compared with the similar period of the year before.

19 October 2021
ID : 33170
Share
Share with
Telegram Whatsapp
Link

The average goods and services Consumer Price Index of “transportation” in the 12-month period ending Sept. 22, which marks the end of the sixth Iranian month of the fiscal 2021-22, increased by 57.6% compared with the similar period of the year before.

With a coefficient of 9.41%, the CPI of the group stood at 445.5 in the month to Sept. 22, indicating a 3.5% increase compared with the month before. 

The index registered a year-on-year increase of 37.9%, latest data released by the Statistical Center of Iran show.

According to SCI, the rising inflation in the country has kept its upward momentum in the sixth month of the current fiscal year (Aug. 23-Sept. 22).

The average overall goods and services Consumer Price Index in the 12-month period ending Sept. 22 increased by 45.8% compared with the corresponding period of the year before, which is a record high. 

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Aug. 22, at 45.2%. 

The consumer inflation for the month under review registered an increase of 43.7% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Aug. 22 was 43.2%. 

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 351.1 for the month ending Sept. 22, indicating a 3.9% rise compared with the month before. Month-on-month consumer inflation was 3.2% for the preceding month.

SCI put average inflation for urban and rural areas at 45.1% and 49.7%, respectively. 

CPI registered a year-on-year increase of 42.9% for urban areas and 47.8% for rural areas in the month ending Sept. 22. 

The overall CPI reached 347.5 for urban households and 370.9 for rural households, indicating a month-on-month increase of 4% and 3.6%, respectively.

The highest and lowest monthly growth in the index among 12 groups of the basket of consumer goods and services purchased by households in the Iranian month ending July 22 was recorded for “food and beverage” group with 5.1% and “communications” group with 1.3%. 

The highest year-on-year inflation in the month under review was posted for “hotels and restaurants” with 65.6% while the lowest YOY inflation was registered for “communications” with 5.5%. 

The highest and lowest annualized inflation was registered for “furniture, home appliances and their maintenance” with 60.9% and “communications” with 16.8%. 

Topics:
Comment
Reply to :
= 5-4
Related