26 Apr 2024
Thursday 31 October 2019 - 16:44
Story Code : 362563

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 months 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).
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