4.5% drop in point-to-point inflation in October / annual inflation was 45.4%

According to Fars News Agency, quoting Statistical Center of IranPoint inflation refers to the percentage change in the price index number compared to the same month last year. The point inflation rate reached 1.8 percent in October. In other words, the country’s households have spent on average 2.7 percent more than Mehr ١٣٩٩ to buy a “set of identical goods and services.”

The inflation rate of October ‌ points has decreased by 1.5 percentage points compared to the previous month. The point inflation rate of the main group of “food, beverages and tobacco” has decreased by 1.8 percentage points to 3.8 percent and the group of “non-food goods and services” has decreased by 2.8 percentage points to 2.7 percent.

At the same time, the point inflation rate for urban households is 3.8 percent, which is a decrease of 0.8 percentage points compared to the previous month. Also, this rate for rural households was 2.7 percent, which is a decrease of 2.8 percentage points compared to the previous month.

* Reducing the monthly inflation rate of the country’s households

Monthly inflation rate means the percentage change in the price index number compared to the previous month. The monthly inflation rate reached 1.8 percent in October, which is a decrease of 2.8 percentage points compared to the same information in the previous month. Monthly inflation for the major groups “Food, Beverage and Tobacco” and “Non-Food Goods and Services” was 2.8 percent and 2.7 percent, respectively.

Meanwhile, the monthly inflation rate for urban households is 1.8 percent, which has decreased by 0.8 percentage points compared to the previous month. Also, this rate for rural households was 2.7 percent, which is an increase of 2.8 percentage points compared to the previous month.

*Reducing the annual inflation rate of the country’s households

Annual inflation rate means the percentage change in the average price index numbers in a year ending this month, compared to the same period before. The annual inflation rate for households in the country reached 1.8 percent in October of this year, which shows a decrease of 2.8 percentage points compared to the same information in the previous month.

Also, the annual inflation rate for urban and rural households is 8.3 percent and 2.7 percent, respectively, which has decreased by 1.8 percentage points for urban households and by 1.5 percentage points for rural households.

* Price changes this month

In the main group of “food, beverages and tobacco” the highest price increase compared to the previous month is related to the group of “fruits and nuts” (bananas, grapes and cantaloupe), the group of “dairy products and eggs” (pasteurized eggs, cheese and yogurt), And the group of “spices and condiments” (tomato paste, tomato sauce). In the main group of “non-food goods and services”, the group of “education” (types of tuition fees of educational centers), the group of “hotel and restaurant” (food served in restaurants) and the group of “housing, water, electricity and gas” (average price of one kilogram) Watts of electricity, one cubic meter of water and rent) had the highest price increase compared to the previous month.

* Percentage of changes in the price index in the cost deciles of the whole country this month

The range of changes in the annual inflation rate in October ١٤٠٠ for different deciles is from 2.1% for the eighth decile to 3.2% for the second decile.

The full text of the inflation report of the Statistics Center of Iran is here + Inflation Stamp + is available.

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