29 Mar 2024
Tuesday 25 February 2020 - 16:16
Story Code : 371063

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 years corresponding period.
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