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Consumer Price Index in the Month of Ordibehesht of the Year 1398

Consumer Price Index in the Month of Ordibehesht of the Year 1398[1]

Increase in All Households Inflation Rate

The general index (base year: 1395=100) stood at 173.5 in the month of Ordibehesht[2] of the year 1398 indicating a 1.5 percent rise compared with the previous month. In this month, the percentage change in the general index was 52.1 percent in contrast to the corresponding month of the previous year, that is to say that the national households spent, on average, 52.1 percent higher than the month of Ordibehesht in the year 1397 for purchasing “the same goods and services”, which increased by 0.7 percentage point over the previous month (51.4 percent). The twelve-month inflation rate ending the month of Ordibehesht of the year 1398 reached 34.2 percent which rose by 3.6 percentage points over the same information in the previous month (30.6 percent).

The CPI for the major groups of "food, beverages and tobacco" decreased by 0.7 and for "non-food items and services" increased by 2.7 percent, respectively in contrast to the previous month. The percentage changes in prices in the current month for these two groups were 82.6 and 39.9 percent compared with the month of Ordibehesht in the year 1397, respectively.

Increase in All Urban Households Inflation Rate

The general price index for all urban households in the month of Ordibehesht of the year 1398 stood at 172.0 showing a 1.6 percent increase from the last month. Percentage change in the general index was 50.7 percent in comparison with the same month in the last year, which rose by 0.7 percentage point over the previous month (50.0 percent).

Increase in All Rural Households Inflation Rate  

The general price index for all rural households in the month of Ordibehesht of the year 1398 stood at 181.9 showing a 1.0 percent growth compared with the previous month. Percentage change in the general index was 59.6 percent over the corresponding month in the previous year, which rose by 0.2 percentage point in contrast to the previous month (59.4 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 was for “sugar, sugar lump, confectioneries” (sugar, sugar lump, rock candy)” group, “bread and cereals” (macaroni, Persian rice and pottage macaroni) group in contrast to the previous month . In the major group of "non-food items and services", the highest increase of prices went to “transportation”(vehicles) group, “recreation and culture” group (computer monitor, computer peripheral equipment & kids bike) group, and “furnishings and household appliances” group (imported television set and other home appliances) group “compared with the previous month.

Moreover, “vegetables” group (onions, lettuces, cucumbers, bell peppers, zucchini and eggplants) and “meat” (chicken, fishes, mutton, beef) group experienced a price decrease from the last 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 Ordibehesht of the year 1398 for various expenditure deciles was fluctuating between 33.7 percent for the first decile (those with the lowest income) and 36.6 percent for the tenth decile (those with the highest income).

 

For more information please 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 1398 in the Gregorian calendar is (21 March 2019-20 March 2020).

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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