Iran’s consumer inflation at 42%

Financial Tribune – The average goods and services Consumer Price Index in Iran for the 12-month period ending Oct. 22 increased by 42% compared with last year’s corresponding period.

The Statistical Center of Iran had put the annual inflation rate for the preceding Iranian month, which ended on Sept. 22 at 42.7%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 184.9 last month, indicating a 1.7% rise compared with the month before, SCI’s latest data show.

Consumer inflation registered a year-on-year increase of 28.3% compared with the similar month of last year.

The CPI index registered a year-on-year increase of 28.3% for urban areas and 28.5% for rural areas compared with the similar month of last year.