SCI: Annual inflation rises to 44.6% as consumer prices surge
Iran's annual inflation rate for households reached 44.6 percent in the month ending January 20, marking a 2.4 percentage-point increase compared with the previous month, according to data from the Statistical Center of Iran (SCI), reported by Mehr News Agency.
The consumer price index for households reached 469.4 during the month, reflecting a 7.9 percent rise compared with the prior month, a 60.0 percent increase versus the same month last year, and a 44.6 percent gain in the 12-month period ending this month compared with the corresponding period a year earlier.
Point-to-point inflation, defined as the percentage change in the price index compared with the same month of the previous year, stood at 60.0 percent for households last month. The figure indicates that Iranian households spent on average 60.0 percent more to purchase an identical basket of goods and services compared with the same period last year. The point-to-point inflation rate increased by 7.4 percentage points compared with the previous month.
Monthly inflation, defined as the percentage change in the price index compared with the prior month, reached 7.9 percent in the month ending January 20. Within this figure, the major group of "food, beverages and tobacco" recorded monthly inflation of 13.7 percent, while the major group of "non-food goods and services" registered monthly inflation of 4.4 percent.
Annual inflation, defined as the percentage change in the average price index over a 12-month period ending in the current month compared with the corresponding 12-month period of the previous year, reached 44.6 percent for households in the month ending January 20, representing a 2.4 percentage-point increase compared with the same indicator reported for the previous month.