‘Tobacco’ Inflation at 40%

“Tobacco”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 40% in the third month of the current Iranian year (May 22-June 21).

The group’s month-on-month and year-on-year inflation stood at 3.5% and 42.6% receptively.

The overall goods and services Consumer Price Index (using the Iranian year to March 2022 as the base year) stood at 189.3 in the month under review, indicating a month-on-month rise of 2% and a year-on-year rise of 42.6%.

Among 12 groups of goods and services reviewed by SCI, the highest and lowest annualized inflation rates were respectively registered for “hotels and restaurants” with 82% and “communications” with 15.2%.

The highest and lowest MOM inflation rates were respectively registered for “hotels and restaurants” with 6.2% and “transportation” with -2% month-on-month, respectively.

“Hotels and restaurants” with 62.5% and “communications” with 21% registered the highest and lowest YOY inflation respectively.