The average annualized inflation in the fifth month of the current Iranian year (July 23-Aug. 22) was at 41.5%, the Statistical Center of Iran announced in its latest report released on Tuesday.
The general goods and services Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 514.2 in the month under review, indicating a month-on-month rise of 2% and a year-on-year rise of 52.2%.
Among 12 groups of goods and services reviewed by SCI, the highest and lowest annualized inflation rates were respectively registered for “hotels and restaurants” with 67.9% and “communications” with 5.3%.
The highest MOM inflation rates were respectively registered for “home appliances, furniture and maintenance” with 3.6% and “communications” at 1.1% month-on-month.
“Hotels and restaurants” with 83.1% and “communications” with 11% saw the highest and lowest YOY inflation respectively.
CPI hit 504.8 for urban households and 567.1 for rural households, indicating a month-on-month increase of 2% and 1.7%, respectively.
SCI put the annualized inflation for urban and rural areas at 40.9% and 44.4%, respectively.
The year-on-year inflation stood at 51.1% for urban areas and 58.4% for rural areas in the month.