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Consumer Price Index in the Month of Esfand of the Year 1397

Consumer Price Index in the Month of Esfand of the Year 1397[1]

 Increase in All Households Inflation Rate

The general index (base year: 1395=100) stood at 164.3 in the month of Esfand [2] of the year 1397 indicating a 3.9 percent rise compared with the previous month. In this month, the percentage change in the general index was 47.5 percent in contrast to the corresponding month of the previous year, that is to say that the national households spent, on average, 47.5 percent higher than the month of Esfand in the year 1396 for purchasing the same goods and services, which increased by 5.2 percentage points over the previous month (42.3 percent). The twelve-month inflation rate ending the month of Esfand of the year 1397 reached 26.9 percent which rose by 3.4 percentage points over the same information in the previous month (23.5 percent).

The CPI for the major groups of "food, beverages and tobacco" and "non-food items and services" increased by 6.4 and 2.7 percent, respectively in contrast to the previous month. The percentage changes in prices in the month of Esfand of the year 1397 for these two groups were 74.4 and 36.9 percent compared with the month of Esfand in the year 1396, respectively.

Increase in All Urban Households Inflation Rate

The general price index for all urban households in the month of Esfand of the year 1397 stood at 163.3 showing a 3.8 percent increase from the last month. Percentage change in the general index was 46.6 percent in comparison with the same month in the last year, which rose by 5.1 percentage points over the previous month (41.5 percent).

Increase in All Rural Households Inflation Rate  

The general price index for all rural households in the month of Esfand of the year 1397 stood at 170.3 showing a 4.5 percent growth compared with the previous month. Percentage change in the general index was 52.7 percent over the corresponding month in the previous year, which rose by 6.0 percentage points in contrast to the previous month (46.7 percent).  

Prices Changes in the Current Month

In the current month, all sub-classes of the general index experienced price rises. In the major group of "food, beverages and tobacco", the highest increase of prices belonged to “sugar, sugar lump, confectioneries” (sugar, sugar lump, rock candy), “meat” (mutton and beef, fishes and chickens) , and “vegetables” (onions, lettuces, cucumbers, tomatoes, green beans, and zucchini ), “tobacco” and “beverages” (imported tea) groups. In the major group of "non-food items and services", the highest increase of prices went to “transportation” (vehicles), “clothing and footwear” group, and “hotel and restaurants” (foods served at restaurants) group, “Recreation and culture” group (TV sets, monitors and computer accessories &peripherals) compared with the previous month.

Price Index Percentage Change in the National Expenditure Deciles in the Current Month

The range of twelve-month inflation rate ending the month of Esfand of the year 1397 for various deciles was fluctuating between 25.9 percent for the first decile (those with the lowest income ) and 28.9 percent for the tenth decile ( those with the highest decile).

 

 For more information see the attachment.

 

 

 

[1]It is the Iranian year which usually begins on the day of 21 March of the Gregorian calendar. To find the corresponding year of the Gregorian calendar, add 621 or 622 (depending on the time of the year) to a solar Hijri year.  For example the corresponding year of the year 1397 in the Gregorian calendar is (21 March 2018-20 March 2019).

2 Iranian months and their equivalent in Gregorian calendar

Farvardin (21 March-20April)                                                              Mehr (23 September-22 October)

Ordibehesht (21 April-21 May)                                                           Aban (23 October-21 November)  

Khordad (22 May-21 June)                                                                 Azar (22 November-21 December)

Tir (22 June-22 July)                                                                           Dey (22 December-20 January)

Mordad  (23 July-22 August)                                                             Bahman (21 January-19 February)

Shahrivar (23 August-22 September)                                                Esfand (20 February-20 March)                                                 

 

 

 

 

 

 

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