Rich-poor inflation gap expands

Financial Tribune – The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 2.6% in the 11th Iranian month (Jan. 21-Feb. 19), indicating a 0.4 percentage point increase compared with the previous month.

The inflation gap of “food, beverages and tobacco” group among income deciles decreased by 0.9 percentage point and that of “non-food and services” decreased by 0.4 percentage point month-on-month.

The average goods and services Consumer Price Index in the 12-month period ending Feb. 19 increased 36.3% for the first decile (those with the lowest income) while it grew 38.9% for the 10th decile (those with the highest income).

Average inflation rates grew by 37% for the second and sixth deciles compared with last year’s corresponding period.