Qom, Tehran record lowest inflation rate
A review of the latest statistical data released by the Statistical Center of Iran (SCI) shows that Qom province with 38.5 percent and Tehran province with 39.1 percent recorded the lowest inflation rates in the twelve-month period ended on January 20.
The highest 12-month inflation rate is related to Kohgilouyeh-Boyerahmad province with 50 percent, according to the SCI’s statistics.
The Statistical Center of Iran (SCI) has put the average inflation rate in the twelve-month period ended on January 20, which marks the end of the tenth Iranian calendar month Dey, at 42.4 percent, falling one percent from the figure for the twelve-month ended to the ninth month.
SCI has put the country’s point-to-point inflation rate at 35.9 percent in the tenth month of this year, which means families have paid an average of 35.9 percent more for purchasing the same package of commodities and services in that month, compared to the same month in the previous year.
The point-to-point inflation rate has risen 0.7 percent in comparison to the figure for the preceding month.
The point-to-point inflation rate for urban households was reported to be 35.8 percent, which is 0.8 percent more than the figure for the previous month. The figure was 36.5 percent for the rural households, with 0.3 percent rise from the figure for the previous month.
The Statistical Center of Iran had put the inflation rate in the twelve-month period ended on March 20, 2021 (the end of the previous Iranian calendar year) at 36.4 percent, rising 2.2 percent from the figure for the twelve-month period ended on the last day of the preceding year.
In late November 2021, the head of Iran’s Budget and Planning and Budget Organization (PBO) had said, “Considering the recent data provided by the Statistical Center of Iran (SCI) the inflation is expected to be curbed in the next Iranian calendar year (begins in March 2022).”
“No money creation has taken place in the last three months, and a recent report by the Statistics
Center of Iran shows that inflation is declining, these are indications that the inflation could be curbed by the next year,” Masoud Mir-Kazemi said at the time.
Referring to the current economic problems, the PBO head stated: "The problem of people today is livelihood, business situation, household income, and inflation, and solving problems in these areas is one of the tasks of the Planning and Budget Organization. Over the three-month, since the 13th government took office, PBO’s priority has been economic stability to restore confidence in the economy.”
Source: Tehran Times
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Russia takes aim at US nuclear power by throttling uranium
BHP to spend up to $14 billion on Chilean copper expansion
Aluminum price to average 6% higher in 2024 on strong demand: Fitch
Trump chooses oil fracking boss as energy secretary
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project