Needy people hardest hit by inflation

Financial Tribune- The Statistical Center of Iran has released inflation rates for each of the 10 deciles in which Iranian households are categorized on the basis of their income.

The average goods and services Consumer Price Index in the 12-month period ending Feb. 19, which marks the end of the Iranian month of Bahman, increased by 9.2% for the first decile (those with the lowest income), whereas it rose by 7.7% for the 10th decile (those with the highest income), compared with last year’s corresponding period.

The inflation rate for the second to ninth decile stood at 9.1%, 9%, 8.9%, 8.8%, 8.7%, 8.6%, 8.4% and 8.2% respectively.