Consumer Price Index in the Month of Tir of the Year 1399
Consumer Price Index in the Month of Tir 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 Tir2 of the year 1399 stood at 26.9 percent, that is to say, that the national households spent, on average, 26.9 percent higher than the month of Tir in the year 1398 for purchasing “the same goods and services”.
Moreover, in this month, the point-to-point inflation rate experienced a 4.4 percentage point increase in comparison with the previous month (Khordad, 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 21.0 percent (with a 6.1 percentage point increase) and 29.8 percent (with a 3.4 percentage point increase), respectively.
This is while the point-to-point inflation rate for urban households stood at 27.0 percent which has increased by 4.3 percentage points in comparison with the previous month. This rate was 25.9 percent for rural households which increased by 4.8 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 Tir of the year 1399 stood at 6.4 percent, which increased by 4.4 percentage points in comparison with the previous month (Khordad, the year 1399). The monthly inflation rate for the major groups of "food, beverages and tobacco" and "non-food items and services" were 6.7 and 6.3 percent, respectively.
This is while the monthly inflation rate for urban households is 6.5 percent which has increased by 4.5 percentage points in comparison with the previous month. This rate was 5.9 percent for rural households which increased by 3.7 percentage points in comparison with the previous month.
For more information, please see the attachement.
[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 (21 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)