Published Date: Wednesday 06 January 2021

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

Consumer Price Index in the Month of Aban 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 Aban2 of the year 1399 stood at 46.4 percent, that is to say, that the national households spent, on average, 46.4 percent higher than the month of Aban of the year 1398 for purchasing “the same goods and services”.

Moreover, in this month, the point-to-point inflation rate experienced a 5.0 percentage point increase in comparison with the previous month (Mehr, 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 56.6 percent (with a 16.1 percentage point increase) and 41.8 percent (with a 0.1 percentage point decrease), respectively.

This is while the point-to-point inflation rate for urban households stood at 45.7 percent, which increased by 4.4 percentage points in comparison with the previous month. Moreover, this rate was 50.3 percent for rural households which increased by 8.1 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 Aban of the year 1399 stood at 5.2 percent, which decreased by 1.8 percentage points in comparison with the previous month (Mehr, the year 1399). The monthly inflation rate for the major groups of "food, beverages and tobacco" and "non-food items and services" were 13.0 and 1.6 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 Gregorian calendar. To find the corresponding year of 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 Gregorian calendar is (20 March 2020-20 March 2021).

2 Iranian months and their equivalent in Gregorian calendar

Farvardin (21 March-20 April)                                                            Mehr (23 September-22 October)

Ordibehesht (21 April-21 May)                                                           Aban (23 October-21 November)  

Khordad (22 May-21 June)                                                                 Azar (22 November-21 December)

Tir (22 June-22 July)                                                                           Dey (22 December-20 January)

Mordad (23 July-22 August)                                                               Bahman (21 January-19 February)

Shahrivar (23 August-22 September)                                                  Esfand (20 February-20 March)                                                 

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