New data from the Statistical Center of Iran shows that from the beginning of the Persian calendar year1400 (March 21, 2021) to August 21, 2024, the prices of food and beverages in the country have increased by 194%.
Thus, during the three-year period of the 13th government, food prices have nearly tripled.
The report from the Statistical Center, published on its website, also shows that inflation for the 12 months leading up to August this year was 34.8% compared to the same period last year.
During this period, Esfahan, West Azerbaijan, and Kurdistan experienced the highest annual inflation growth, while Sistan and Baluchestan saw the lowest, with an annual inflation rate of 25%.
Additionally, the prices of goods and services in August this year increased by 31.6% compared to August last year (point-to-point inflation).
The highest point-to-point inflation in August was in Ilam, and the lowest was in Sistan and Baluchestan.
Annual and point-to-point inflation rates in urban areas in August were higher than those in rural households.
Last month, the highest price increase compared to August 2023 was in public transportation services, which saw a 54% jump, followed by housing and rent inflation, both of which were reported to be 43%.
The Statistical Center’s report also claims that the price of oils and fats in August this year, compared to the same month last year, not only did not increase but actually decreased by 0.7%.
This claim comes despite the fact that oils and fats, following red meat, have had the highest price increase among food items since March 2021, with a 278% rise in prices since then.
Overall, the highest inflation rates since March 21, 2021, were recorded in the winter of 2022 and the spring of 2023, during which the Statistical Center and Central Bank suspended the publication of monthly inflation reports for several months.
However, after the Statistical Center resumed the publication of monthly inflation reports last summer, it became clear that point-to-point inflation had exceeded 50% during those months.
Source » iranintl