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

Consumer Price Index in the Month of Dey 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 corresponding month in the previous year. The point-to-point inflation rate in the month of Dey2 of the year 1398 stood at 26.3 percent, that is to say that the national households spent, on average, 26.3 percent higher than the month of Dey in the year 1397 for purchasing “the same goods and services”.

Moreover, in this month, the point-to-point inflation rate experienced a 1.5 percentage point decrease in comparison with the previous month (Azar, 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 24.0 percent (with a 4.0 percentage point decrease) and 27.4 percent (with  a 0.3 percentage point drop), respectively.

This is while the point-to-point inflation rate for urban households stood at 26.2 percent which has decreased by 1.4 percentage points in comparison with the previous month. This rate was 27.0 percent for rural households which decreased by 1.9 percentage points in comparison with the previous month.

Decrease in the Monthly National 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 Dey of the year 1398 reached 0.8 percent, which decreased by 2.4 percentage points in comparison with the previous month (Azar, the year 1398). The monthly inflation rate for the major groups of "food, beverages and tobacco" and "non-food items and services" were 0.3 and 1.4 percent, respectively.

This is while the monthly inflation rate for urban households is 0.9 percent which has decreased by 2.1 percentage points in comparison with the previous month. This rate was 0.5 percent for rural households which decreased by 3.7 percentage points in comparison with the previous month.

Decrease in the Annual National Households Inflation Rate

The annual inflation rate refers to the average percentage change in the price index in a year ending the current month in comparison with the same period in the previous year. The annual national household inflation rate for the month of Dey in the year 1398 reached 38.6 percent which decreased by 1.4 percentage point in comparison with the previous month (Azar, the year 1398).

 

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 2019-19 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)                                                           Azar (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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Category: Price indices
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