Iran’s rich-poor inflation gap at 2%

Financial Tribune – The inflation gap indicates a 0.2 percentage point decline compared with the previous month’s 2.2%

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 2% in the eighth Iranian month (Oct. 23-Nov. 21), indicating a 0.2 percentage point decline compared with the previous month’s 2.2%.

The inflation gap of “food, beverages and tobacco” group among income deciles increased by 0.2 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 Nov. 21 increased by 40.7% for the first decile (those with the lowest income) while it grew by 42.7% for the 10th decile (those with the highest income).

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