Iran’s Statistical Center Reports on Inflation Trends, Highlights Economic Dynamics
TEHRAN – Recent data from Iran’s Statistical Center provides a detailed look at the country’s economic indicators, focusing on inflation rates for the month of Aban 1404 (October-November 2024). The figures offer a basis for understanding the current economic landscape and the purchasing patterns of Iranian households.
Annual Inflation Rises to 40.4%
The report indicates that the annual inflation rate for households across the country reached 40.4% in Aban 1404. This figure reflects a 1.5 percentage point increase compared to the rate reported in the previous month. This measure illustrates the overall change in the cost of a fixed basket of goods and services over the past twelve months.
A Closer Look at Point-to-Point Inflation
A more immediate measure, the point-to-point inflation rate, was recorded at 49.4% for the same period. This metric shows that the average household spent 49.4% more in Aban 1404 to purchase an identical “basket of goods and services” compared to the exact same month the previous year (Aban 1403). This key indicator saw a 0.8 percentage point rise from the month before, underscoring the dynamic nature of market prices.
The release of these statistics is part of the government’s ongoing commitment to providing transparent economic data. This information is crucial for economic planning and policy-making, offering clear insights into market conditions and the cost of living for citizens.