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

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

Decrease in National Point-to-Point Inflation Rate

Point-to-Point Inflation rate refers to the percentage change in the price index in comparison with the last corresponding month of the previous year. The point-to-point inflation rate in the month of Mehr2 of the year 1398 reached 28.3 percent, that is to say that the national households spent, on average, 28.3 percent higher than the month of Mehr in the year 1397 for purchasing “the same goods and services”.

Moreover, in this month, the point-to-point inflation rate experienced a 6.7 percentage point decrease in comparison with the previous month (Shahrivar, the year 1398). The point-to-point inflation rate for the major groups of "food, beverages and tobacco" and "non-food items and services" were 32.2 and 26.6 percent, respectively, and the point-to-point inflation rate in both major groups decreased in contrast to the previous month.

This is while the point-to-point inflation rate for urban households is 28.3 percent which has decreased by 6.2 percentage point in comparison with the previous month. This rate was 28.5 percent for rural households which indicates a 9.6 percentage point decrease in comparison with the previous month.

Increase in the Monthly Households Inflation Rate

The Monthly Inflation rate refers to the percentage change in the price index in comparison with the  previous month. The monthly inflation rate in the month of Mehr of the year 1398 reached 1.7 percent, which increased by 1.2 percentage points in comparison with the previous month (Shahrivar, the year 1398). The monthly inflation rate for the major groups of "food, beverages and tobacco" and "non-food items and services" were -1.0 and 3.1 percent, respectively.

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[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 2019-19 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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