Iran’s YOY consumer price inflation near 40%

Financial Tribune – The average index in the 12-month period ending Jan. 20 increased by 20.6% compared with last year’s corresponding period

T he goods and services Consumer Price Index registered a year-on-year increase of 39.6% in the 10th Iranian month Dey (Dec. 22, 2018-Jan. 20) compared with the similar month of last year, the Statistical Center of Iran reported.

SCI had put YOY inflation at 37.4% for the preceding month, Azar, which ended on Dec. 21.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 154.7 in Dey, indicating a 2% rise compared with the previous month.

The month-on-month inflation was put at 2.6% for the preceding month.