SCI reports 4.1% monthly increase in CPI
The Statistical Center of Iran (SCI) announced that the consumer price index (CPI) for the month of Bahman (January 20 - February 18) increased by 4.1% compared to the previous month, Dey (December 21-January 19).
In Bahman 1403, the CPI for households across the country reached 305.5, reflecting a 4.1% rise compared to the previous month, a 35.3% increase compared to the same month last year, and a 32.0% increase over the 12-month period ending in Bahman compared to the same period the previous year.
Point-to-point, monthly, annual inflation rate
Point-to-point inflation measures the percentage change in the CPI compared to the same month in the previous year. in Bahman 1403, point-to-point inflation for households was 35.3%, meaning households spent an average of 35.3% more than in Bahman 1402 to purchase the same “basket of goods and services.” This represents a 3.5 percentage point increase compared to the previous month.
Monthly inflation measures the percentage change in the CPI compared to the previous month. In Bahman 1403, monthly inflation for households was 4.1%. The monthly inflation rate for the major category of “food, beverages, and tobacco” was 6.7%, while for the category of “non-food goods and services,” it was 2.9%.
The annual inflation rate measures the percentage change in the average CPI over the 12-month period ending in the current month compared to the same period the previous year. In Bahman 1403, the annual inflation rate for households reached 32.0%, unchanged from the previous month.
Changes in CPI across income deciles in Bahman
The annual inflation rate for the country in Bahman 1403 stood at 32.0%, with variations across income deciles ranging from 30.3% for the first and second deciles to 32.4% for the ninth decile.
The inflation gap between deciles narrowed to 2.1 percentage points, a decrease of 0.6 percentage points compared to the previous month (2.7 percentage points).