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Published Date: Monday 30 January 2023

Consumer Price Index in the Month of Dey of the Year 1401

Consumer Price Index in the Month of Dey of the Year 1401[1]

Increase in National Point-to-Point Inflation Rate

The 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 Dey[2] of the year 1401 stood at 51.3 percent. This means all households nationwide spent on average 51.3 percent higher than the month of Dey of the year 1400 for purchasing “the same goods and services”.

The point-to-point inflation rate of this month experienced a 2.8 percentage point increase in comparison with the previous month (Azar, the year 1401). The point-to-point inflation rates for the major groups of “food, beverages and tobacco” and “non-food items and services” were  69.2 percent with a 3.9 percentage point increase and 41.2 percent with a 2.3 percentage point increase, respectively.

This is while the point-to-point inflation rate for urban households stood at 50.6 percent which increased by 2.7 percentage points in comparison with the previous month. Moreover, this rate was 54.9 percent for rural households which increased by 3.5 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 Dey of the year 1401 stood at 4.3 percent which increased by 2.4 percentage points in comparison with the previous month (Azar, the year 1401). The monthly inflation rate for the major group of “food, beverages and tobacco” and “non-food items and services” stood at 4.1 and 4.5 percent.

This is while the monthly inflation rate for both urban and rural households stood at 4.3 percent, respectively which increased by 2.2 percentage points for urban households and 3.1 percentage points for rural households.

     

     For more information, please see the attachment.

[1] 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 1401 in Gregorian calendar is (21 March 2022-20 March 2023).

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