13 Nov 2024
Tuesday 30 April 2019 - 15:16
Story Code : 347178

Rich-poor inflation gap narrows in Iran

Financial Tribune - The average annual inflation gap measured by the Statistical Center of Iran among income deciles decreased 0.2% to reach 2.8% in the first Iranian month (March 21-April 20) compared with the previous months 3%.

The average goods and services Consumer Price Index in the 12-month period ending April 20 increased by 29.9% for the first decile (those with the lowest income) whereas it rose by 32.7% for the 10th decile (those with the highest income).

The second, fifth and sixth deciles saw their 12-month average inflation rate grow by 31% compared with last years corresponding period.
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