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EghtesadOnline: The Statistical Center of Iran has released a report reviewing price changes of food products in the Iranian month ending Sept. 22.

The biggest month-on-month price rise was recorded for cucumbers with 23.9%. A kilogram of cucumbers was sold at 42,601 rials ($0,37).

The second and third biggest month-on-month price rise during the period under review were registered for oranges with 12.7% and packed foreign tea with 9.5%, SCI reported on its website. 

A kilogram of oranges was sold at 133,260 rials ($1.17) and a kilogram of packed foreign teas went for 548,462 rials ($4.8) last month, Financial Tribune reported.

During the sixth Iranian month (Aug. 23-Sept. 22), prices of potatoes posted a decrease of 23% when compared with the month before. Tomatoes with a 15.5% and apples with 10.5% also experienced a month-on-month deflation.

A kilogram of potatoes was sold for 47,279 rials (41 cents), a kilogram of tomatoes went for 29,988 rials (26 cents) and a kilogram of apples hit 83,093 rials (73 cents).

The retail prices of tomato paste during the month under review increased by 134.9% compared with the same period of last year. A kilogram of tomato paste was sold at 212,746 rials ($1.8) to register the highest year-on-year price rise for a food item last month. 

The second and third biggest year-on-year food price rise in the same month was registered for potatoes with 101.1% and packed foreign tea with 95.1%. 

Eggs and tomatoes were the only items registering a year-on-year deflation last month. Egg prices decreased by 12.7% and tomato prices dropped by 4.7% compared with the same month of last year. A kilogram of eggs was sold at 89,035 rials (78 cents) last month.

With a coefficient of 26.64%, Consumer Price Index of “food and beverages” stood at 214.9 in the month ending Sept. 22, indicating a 1.4% decrease compared with the month before. 

The “food and beverages” index registered a year-on-year increase of 46% compared with the similar month of last year. 

CPI of “food and beverages” group in the 12-month period ending Sept. 22 increased by 62.6% year-on-year. 

The monthly goods and services CPI growth fell to an 18-month low in the sixth month of the Iranian year.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 181.7 last month, indicating a 0.5% rise compared with the month before.  

The consumer inflation registered a year-on-year increase of 35%.

The average goods and services CPI in the 12-month period ending Sept. 22 increased by 42.7% YOY. The annual inflation rate for the preceding Iranian month, which ended on Aug. 22, was 42.2%. 

The index registered a year-on-year increase of 34.5% for urban areas and 38.1% for rural areas YOY. 

The overall CPI reached 180.8 for urban households and 187.1 for rural households, indicating an increase of 0.6% for urban areas but no change for rural areas compared with the previous month.

Urban and rural 12-month inflation for the month under review was 41.9% and 47.4% respectively. 

Last month, price drops were registered in four out of 12 items and services basket compared with the month before, namely “foods and beverages”, “tobacco”, “transportation” and “communications”. 

 

Food Food products Iran Statistical Center of Iran Price Changes