SCI reports annual inflation rise of 47.5% in 11 months
Iran’s annual inflation rate continued an upward trend during the first 11 months of the current Iranian year starting March 21, rising from 33.2% at the beginning of the year to 47.5% as of February 19, according to data released by the Statistical Center of Iran (SCI), indicating an increase of 14.3 percentage points over the period.
Data published by the SCI and reported by ISNA showed that annual inflation in the 11th month of the year (Jan. 21–Feb. 19) reached 47.5%, up 3.1 percentage points from the previous month.
During the 11th month, the highest annual inflation rate was recorded in the “bread and cereals” category at 90.2%, while the lowest rate was registered in the housing sector for residential rents at 34.7%.
Annual inflation refers to the percentage change in the average consumer price index over the 12 months ending in the current month compared with the corresponding period a year earlier.
At the start of the Iranian year, covering March 21 to April 20, annual inflation was reported at 33.2%. In that first month, vegetables and legumes recorded the highest inflation rate at 59%, while oils and fats posted the lowest rate at 9.1%.
Separately, the Central Bank of Iran (CBI) said on Wednesday that consumer price inflation, based on its own calculations, stood at 46.3% for the 12 months ending in the 11th month compared with the same period a year earlier.
According to IRNA, the consumer price index for goods and services in Iran’s urban areas rose to 558.1 in the 11th month, increasing 8.4% from the previous month.
The index also increased by 62.2% compared with the same month a year earlier, the report said.