The Statistical Center of Iran has released a new report on inflation in the first nine month of the current Iranian year (started March 21). According to the latest data, the annualized inflation for the month under review (Azar) stood at 44.4%, down from 44.9% in the month before.
In terms of year-on-year CPI rise, “hotels and restaurants” with 56.5 saw the highest among 12 groups of goods and services, followed by “clothing and shoes” with 47.2%. Food and beverages were 41.3% more expensive in the month of Azar than in the same month of the previous year. The Consumer Price Index was reported at 217,0 indicating a 40.2% rise compared to the same month of the year before.