Annual inflation rises to 38.9%, point-to-point rate hits 48.6%: SCI
Iran’s year-on-year inflation rate up to the seventh month of the Iranian calendar year (Sept. 23 – Oct. 22) climbed to 38.9 percent, marking a 1.4 percentage-point rise from the previous month, the Statistical Center of Iran (SCI) reported on Tuesday.
The report showed that point-to-point inflation — measuring the percentage change in the consumer price index (CPI) compared with the same month a year earlier — stood at 48.6 percent, which means Iranian households spent, on average, 48.6% more than they did in the same month last year to purchase an identical set of goods and services, IRNA reported.
The SCI added that the point-to-point inflation rate rose by 3.3 percentage points from the previous month.
According to the data, the consumer price index for Iranian households reached 403.8 in the stated period, showing a 5.0% monthly increase, a 48.6% rise year-on-year.