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Inflation

  • EghtesadOnline: Communications, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an average annualized inflation rate of 9.8% in the 11th month of the current Iranian year (Jan. 21-Feb. 19) — the lowest among the groups reviewed.

  • EghtesadOnline: “Health and Medical Treatment”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an average annualized inflation rate of 41.1% in the 11th month of the current Iranian year (Jan. 21-Feb. 19).

  • EghtesadOnline: At the country level, the annualized inflation in the month ending Jan. 20 stood at a new high of 47.7%. Only in the fiscal 1995-96 and 1996-97 did Iran experience inflation rates above the current level.

  • EghtesadOnline: Home Appliances, Furniture and Their Maintenance”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation rate, registered an average annualized inflation rate of 34.1% in the 11th month of the current Iranian year (Jan. 21-Feb. 19, 2023).

  • EghtesadOnline: The average Producer Price Index for the mining sector in the four-quarter period ending Dec. 21, 2022, which marks the end of the third quarter of the current fiscal year, increased by 25.1% compared with the same period of the year before, according to the Statistical Center of Iran.

  • EghtesadOnline: The lowest annualized PPI inflation was recorded by “production of base metals” with 13.8% and the highest rate was registered for “food production” with 71.8%.

  • EghtesadOnline: Glass, among different types of construction materials, witnessed the highest year-on-year inflation with 63.9% and the highest annualized price rise with 76.6%

  • EghtesadOnline: Education, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation rate, registered an average annualized inflation rate of 31.1% in the 10th month of the current Iranian year (Dec. 22, 2022-Jan. 20, 2023).

  • EghtesadOnline: The latest data released by the Statistical Center of Iran show the annualized inflation reported by the center on a monthly basis has reached a new high.

  • EghtesadOnline: Digital banking professional say innovative credit services, namely lendtech and BNPL (buy now and pay later), will dominate Iran's fintech ecosystem this year, thanks to the galloping inflation.