Food Inflation Crosses 60%: SCI

F“ood and beverages”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation, registered an average annualized inflation rate of 60.1% in the current Iranian year’s seventh month (Sept. 23-Oct. 22).

The group’s month-on-month and year-on-year inflation rates were reported at 2.2% and 71.4% respectively, new data released by the Statistical Center of Iran show.

The 12 groups of the basket of consumer goods and services surveyed by SCI include "food and beverages" with a coefficient of 26.64%, "tobacco" with 0.59%, "clothing and shoes" with 4.78%, “housing and utilities" with 35.5% (highest), "furniture, home appliances and their maintenance" with 3.93%, "health and treatment" with 7.14%, "transportation" with 9.41%, "communications" with 2.87%, "leisure and culture" with 1.65%, "education" with 1.86%, "hotels and restaurants" with 1.44% and "miscellaneous items and services" with 4.18%.