Rich-poor inflation gap narrows in Iran

Financial Tribune – The average annual inflation gap measured by the Statistical Center of Iran among income deciles decreased 0.2% to reach 2.8% in the first Iranian month (March 21-April 20) compared with the previous month’s 3%.

The average goods and services Consumer Price Index in the 12-month period ending April 20 increased by 29.9% for the first decile (those with the lowest income) whereas it rose by 32.7% for the 10th decile (those with the highest income).

The second, fifth and sixth deciles saw their 12-month average inflation rate grow by 31% compared with last year’s corresponding period.