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EghtesadOnline: The International Monetary Fund expects the inflation rate in Iran to remain at around 30% in 2021 as in this year.

In its latest World Economic Outlook report, IMF had put the rise in consumer prices at 41% in 2019.

Projections for 2020 and 2021 are at 30.5% and 30% respectively.

The Statistical Center of Iran's latest report on inflation shows the average goods and services Consumer Price Index in the 12-month period ending Sept. 21, which marks the end of the sixth Iranian month, increased by 26% compared with the corresponding period of last year. 

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Aug. 21, at 25.8%. 

The consumer inflation for the month under review (Aug. 22-Sept. 21) registered an increase of 34.4% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Aug. 21 was 30.4%. 

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 244.3 last month, indicating a 3.6% rise compared with the month before. Month-on-month consumer inflation was 3.5% for the preceding month (July 22-Aug. 21).

SCI put average annual inflation for urban and rural areas at 26.1% and 25.4%, respectively. 

CPI registered a year-on-year increase of 34.5% for urban areas and 34.1% for rural areas in the month ending Sept. 21. 

The overall CPI reached 243.1 for urban households and 251 for rural households, indicating a month-on-month increase of 3.6% and 3.5% for urban and rural areas, respectively.

The highest monthly growth in the index among 12 groups of the basket of consumer goods and services purchased by households in the Iranian month ending Sept. 21 was recorded for “transportation” with 8.4% and the lowest monthly growth for “tobacco” with 1.4%.

The highest and lowest year-on-year inflation in the month under review was posted for transportation (80.8%) and communications (16.8%), and the highest and lowest average annual inflation was registered for transportation (51.5%) and communications (6.2%) respectively. 

With a coefficient of 26.64%, the CPI of food and beverages stood at 282.5 in the month ending Sept. 21, indicating a 3% increase compared with the month before. The food and beverages index registered a year-on-year increase of 31.4%. 

The CPI of food and beverages group in the 12-month period ending Sept. 21 increased by 21.7% compared with last year’s corresponding period.

SCI put last fiscal year's (March 2019-20) average annual inflation at 34.8%.

 

Imf Iran Inflation