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SCI reports annual inflation at 62% in June
Iran's annual consumer inflation rate rose to 62.0% in the month ending June 21, up from the previous month, while year-on-year inflation accelerated to 88.6%, according to data released on Saturday by the Statistical Center of Iran (SCI).
The consumer price index (CPI) for Iranian households reached 656.4 in the third month of the Iranian calendar year, the agency said.
Annual inflation, measured as the average increase in consumer prices over the previous 12 months compared with the corresponding period a year earlier, rose by 4.3 percentage points from the previous month to 62.0%.
On a year-on-year basis, consumer prices increased 88.6% compared with the same month last year, up 4.7 percentage points from the previous month's reading.
Monthly inflation stood at 5.9%, with prices for food, beverages and tobacco rising 6.8% from the previous month, while non-food goods and services increased 5.3%, according to the data.
The statistics agency said annual inflation varied across income groups, ranging from 60.1% for the highest-income decile to 68.5% for the second-lowest income decile. The gap between the highest and lowest reported inflation rates across spending deciles widened to 8.4 percentage points from 7.3 percentage points a month earlier.
The data comes after two periods of US-Israeli war against Iran, which disrupted trade and transport and prompted temporary closures of businesses and border crossings.