The latest report of CBI on Consumer Price Index (CPI) shows 0.4 percent increase in the month of the Iranian year “Mehr” (ending October 21). The inflation rate has advanced 8.7 percent over the last twelve months.
Summary Results of the CPI for Mehr (October 21)
|Description||Index Number in Mehr 1395 (21th October 2016)||Change compared to previous month %|
|Food and beverages||263.0||-0.4|
|Clothing and footwear||306.6||1.0|
|Housing, water, electricity, gas and other fuels||194.7||0.5|
|Furnishings, household equipment and Routine household maintenance||283.2||0.6|
|Recreation and culture||290.1||-0.6|
|Restaurants and Hotels||292.9||0.8|
|Miscellaneous goods and services||312.6||0.3|
The food and beverages index went down 0.4 percent in Mehr, mainly due to the decreases in the indices for citrus (except orange and lime) by 13.1 percent, poultry 12.0 percent, and arboreal fruits (except pear and date) 8.2 percent.
The index for tobacco decreased 0.1 percent in Mehr, reflecting 0.4 percent decrease in the index for domestic cigarettes.
The clothing and footwear index increased 1.0 percent, mostly as a result of the increases in the indices for ready to wear clothing by 1.6 percent, and clothing materials 0.3 percent.
The housing, water, electricity, gas and other fuels index 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, and maintenance and repair services of the dwelling 0.6 percent.
The furnishings, household equipment and routine household maintenance index rose 0.6 percent. Increases in the indices for household appliances, and goods and services for routine household maintenance each by 0.9 percent, household textiles 1.0 percent.
The index for health increased 0.6 percent, mostly as a result of the increases in the indices for medical, paramedical and dental services by 0.6 percent, hospital services 0.5 percent.
The transport index went up 0.5 percent largely due to the increases in the indices for passenger transport by road by 1.0 percent, personal transport vehicles by 0.4 percent, and operation of personal transport equipment 0.3 percent.
The index for communication was unchanged in Mehr.
The recreation and culture index turned down 0.6 percent, as a result of the decreases in the indices for package holidays by 3.2 percent, and audio-visual, photographic and information processing equipment 0.2 percent.
The education index advanced 7.8 percent over this month, mostly as a result of the increase in the index for private schools and supplementary courses tuition fees by 15.8 percent.
The index for restaurants and hotels rose 0.8 percent, mainly due to the advances in the indices for “food away from home” and “catering services” each by 0.8 percent, and accommodation services 0.7 percent.
The miscellaneous goods and services index increased 0.3 percent in this month. Increases in the indices for personal care by 0.5 percent, funeral expenses 3.8 percent, nursery school tuition fees 2.8 percent, personal effects 0.4 percent were the major reasons for this rise.