Consumer Price Index in the Month of Farvardin of the Year 1399 > Statistical Center of Iran

 
 
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Consumer Price Index in the Month of Farvardin of the Year 1399

Consumer Price Index in the Month of Farvardin of the Year 1399[1]

Decrease in Point-to-Point Inflation Rate for All National Households

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 Farvardin2 of the year 1399 stood at 19.8 percent, that is to say that the national households spent, on average, 19.8 percent higher than the month of Farvardin in the year 1398 for purchasing “the same goods and services”.

Moreover, in this month, the point-to-point inflation rate experienced a 2.2 percentage point decrease in comparison with the previous month (Esfand, the year 1398). The point-to-point inflation rate for the major groups of "food, beverages and tobacco" and "non-food items and services" stood at 10.7 percent (with a 3.9 percentage point decrease) and 24.7 percent (with  a 1.0 percentage point decrease), respectively.

This is while the point-to-point inflation rate for urban households stood at 20.2 percent which has decreased by 2.0 percentage points in comparison with the previous month. This rate was 18.1 percent for rural households which decreased by 3.0 percentage points in comparison with the previous month.

Increase 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 Farvardin of the year 1399 stood at 2.1 percent, which increased by 0.6 percentage point in comparison with the previous month (Esfand, the year 1398). The monthly inflation rate for the major groups of "food, beverages and tobacco" and "non-food items and services" were 5.1 and 0.8 percent, respectively.

This is while the monthly inflation rate for urban households is 2.0 percent which has increased by 0.6 percentage point in comparison with the previous month. This rate was 3.1 percent for rural households which increased by 1.3 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 Farvardin in the year 1399 stood at 32.2 percent which decreased by 2.6 percentage points in comparison with the previous month (Esfand, the year 1398).

This is while the annual inflation rate for urban households is 31.9 percent which has decreased by 2.5 percentage points in comparison with the previous month. This rate was 33.9 percent for rural households indicating a 3.4 percentage point decrease in comparison with the previous month.

Prices Changes in the Current Month

In the major group of "food, beverages and tobacco", the highest increase in the prices was for “fruits and nuts” (sweet lemon, sour lemon, apple and orange) group, “vegetables”  (tomato, potato and pulses) group and “sugar, sugar lump and confectionery” (sugar, sugar lump) group in contrast to the previous month. In the major group of "non-food items and services", the highest increase in prices went to “miscellaneous goods and services” (car premium, 18 karat gold) group, compared with the previous month.

Besides, “meat, poultry and fish and related products” (chicken meat) group experienced a decrease in comparison with the previous year.

 

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

The range of annual inflation rate in the month of Farvardin of the year 1399 for various expenditure deciles was fluctuating between 30.8 percent for the first decile (those with the lowest  income) and 34.2 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 1399in the Gregorian calendar is (20 March 2020-21 March 2021).

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)                                                                           Esfand (22 December-20 January)

Mordad  (23 July-22 August)                                                             Esfand (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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