SCI: Rich-poor inflation gap narrows slightly

Financial Tribune – The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 2.2% in the seventh Iranian month (Sept. 23-Oct. 22), indicating a 0.1 percentage point decline compared with the previous month’s 2.3%.

The inflation gap of “food, beverages and tobacco” group among income deciles increased by 0.8 percentage point whereas that of “non-food and services” decreased by 1.1 percentage point month-on-month.

The average goods and services Consumer Price Index in the 12-month period ending Oct. 22 increased by 41.7% for the first decile (those with the lowest income) while it grew by 43.9% for the 10th decile (those with the highest income).