Page 19 - IRANRptNov19

4.2​ Inflation 4.2.1​ CPI dynamics
Iran’s CPI inflation edges down to 42%
Iran’s official consumer price index (CPI) annual inflation stood at 42% in the 2019/2020 Persian calendar year’s seventh month (ended October 21), after dropping 0.7% m/m, according to Statistical Centre of Iran (SCI) data.
In the food and beverages category, the CPI increased by 60.8% y/y but m/m prices decreased 1.1%. Tobacco and subsidiary products such as cigarettes registered a 80% y/y increase, but a m/m decrease of 0.7%.
In the clothing and footwear category, the recorded increase was 51.5% y/y, with a 2% increase m/m.
Customers of utilities still under government ownership experienced a 23.8% y/y rise in prices, indicating a 4.4% increase m/m.
Furniture, home appliances and maintenance saw a a 42.3% increase y/y with a m/m increase of 1.4% from the sixth Persian calendar month.
In the health and treatment category, the CPI stood at 25.1% y/y with a m/m increase of 2.6%.
Transportation indicated a y/y increase of 28.3% in the period, indicating a 1% increase m/m.
In communications, which includes mobile and landline connections, inflation stood at 30.5% y/y, with a 2.2% m/m increase.
Leisure and culture saw an increase of 33.8% y/y, with the m/m increase posted at 2.1%.
In the education category, a significant increase month on month was witnessed due to the first term of the new academic year commencing with fees increasing. A y/y increase of 22.7% and an m/m advance of 12.7% were recorded by the SCI.
19​ IRAN Country Report​ November 2019 www.intellinews.com