CBI report on the Consumer Price Index (CPI) shows a 0.5 percent increase in the first month of the Iranian year “Farvardin” (ending April 19). According to the report the inflation rate has advanced 11.2 percent over the last 12 months.
Summary Results of the CPI for Farvardin (April 19)
|Description||Index Number in Farvardin 1395 (19th April 2016)||Change compared to previous month %|
|Food and beverages||252.1||1.1|
|Clothing and footwear||297.5||0.3|
|Housing, water, electricity, gas and other fuels||186.6||0.5|
|Furnishings, household equipment and Routine household maintenance||276.0||0.3|
|Recreation and culture||280.1||-3.0|
|Restaurants and Hotels||280.0||1.1|
|Miscellaneous goods and services||299.2||0.9|
The food and beverages index increased 1.1 percent in Farvardin, largely due to the increases in the indices for tomato by 20.7 percent and fresh fruits 7.8.
The index for tobacco turned up 0.3 percent in Farvardin, reflecting 0.4 percent increase in the index for imported cigarettes.
The clothing and footwear index increased 0.3 percent, mostly as a result of the increases in the indices for cleaning and laundering wage 1.1 percent and clothing materials 0.1 percent.
During this month, the housing, water, electricity, gas and other fuels indexÂ went up 0.5 percent which was attributed to the advances of the indices for “rental equivalence of owner occupied houses” and “rent of residential houses” each by 0.5 percent.
The furnishings, household equipment and routine household maintenance index rose 0.3 percent. Increases in “household appliances” and “glassware, tableware and household utensils” each by 0.4 percent, goods and services for routine household maintenance 0.3 percent were the main reasons for index increase.
The index for health increased 0.3 percent, mostly as a result of the increases in the indices for hospital services by 0.4 percent, “medical, paramedical and dental services” and “medical products, appliances and equipment” each 0.2 percent.
The transport index went up 0.1 percent, largely due to the increases in the indices for passenger transport by road 0.9 percent, operation of personal transport equipment 0.1 percent.
The index for communication had no change in Farvardin.
The recreation and culture index turned down 3.0 percent, largely due to the decreases in the indices for package holidays by 12.6 percent. Within this group, increases in the indices for recreation and cultural services by 1.6 percent, other recreational items and equipment 0.3 percent, and stationery 0.2 percent were also considerable in this month.
The education index advanced 0.1 percent over this month, mostly as a result of the increase in the index for supplementary courses tuition fees by 0.1 percent.
The index for restaurants and hotels rose 1.1 percent, mainly due to the advances in the indices for accommodation services by 3.9 percent, food away from home by 1.1 percent.
The miscellaneous goods and services index increased 0.9 percent in this month. Increases in the indices for third party insurance commission by 15.0 percent, gold smith wage 2.2 percent, funeral expenses 4.9 percent, personal care 0.2 percent, and personal effects 0.1 percent were the major reasons for this rise.