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

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

Increase 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 Mordad2 of the year 1399 stood at 30.4 percent, that is to say, that the national households spent, on average, 30.4 percent higher than the month of Mordad of the year 1398 for purchasing “the same goods and services”.

Moreover, in this month, the point-to-point inflation rate experienced a 3.5 percentage point increase in comparison with the previous month (Tir, the year 1399). The point-to-point inflation rate for the major groups of "food, beverages and tobacco" and "non-food items and services" were 26.0 percent (with a 5.0 percentage point increase) and 32.6 percent (with a 2.8 percentage point increase), respectively.

This is while the point-to-point inflation rate for urban households stood at 30.6 percent, which has increased by 3.6 percentage points in comparison with the previous month. Moreover, this rate was 29.6 percent for rural households which increased by 3.7 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 Mordad of the year 1399 stood at 3.5 percent, which decreased by 2.9 percentage points in comparison with the previous month (Tir, the year 1399). The monthly inflation rate for the major groups of "food, beverages and tobacco" and "non-food items and services" were 3.6 and 3.4 percent, respectively.

 

Please see the attachment for more information.

[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 1399 in the Gregorian calendar is (20 March 2020-20 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
ID: 13083