Rich-poor inflation gap at 5.4%

Financial Tribune – The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 5.4% in the fifth Iranian month (July 22-Aug. 21), indicating a 0.7 percentage point increase compared with the previous month.

The inflation gap in “food, beverages and tobacco” group among income deciles decreased by 0.9 percentage points, while that of “non-food and services” group increased by 0.8 percentage point compared with the month before.

The average goods and services Consumer Price Index in the 12-month period ending Aug. 21 increased by 23.4% for the first decile (those with the lowest income) while it grew 28.8% for the 10th decile (those with the highest income).