Inflation rate up 1%
The Statistical Center of Iran (SCI) has put the average inflation rate in the twelve-month period ended on August 22, which marks the end of the fifth Iranian calendar month Mordad, at 41.5 percent, rising one percent from the figure for the twelve-month ended to the fourth month.
The center put the country’s point-to-point inflation rate at 52.2 percent in the fifth month, which means families have paid an average of 52.2 percent more for purchasing the same package of commodities and services in that month, compared to the same month in the preceding year.
The inflation rate was 40.9 percent for the urban households, rising 0.9 percent from the previous month, and 44.4 percent for the rural households, increasing 1.2 percent from the previous month.
The Statistical Center of Iran has put the average inflation rate in the twelve-month period ended on March 20, which marks the end of the past Iranian calendar year 1400, at 40.2 percent.
The center put the country’s point-to-point inflation rate at 34.7 percent in the last month of the past year, which means families have paid an average of 34.7 percent more for purchasing the same package of commodities and services in that month, compared to the same month in the preceding year.
The inflation rate in the twelve-month period ended on March 20 was 39.7 percent for urban households, and 42.8 percent for rural households.
The point-to-point inflation rate was reported to be 34.5 percent for urban households and 35.8 percent for rural ones, according to the SCI.
The Statistical Center of Iran had put the inflation rate in the twelve-month period ended on March 20, 2021 (the end of the Iranian calendar year 1399) 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.
Source: Tehran Times
Top News
Australia’s CEFC invests $75m in homegrown critical minerals
Glencore in talks to sell Philippine copper smelting unit
BHP seeks Brazil growth to emerge from shadow of mining disaster
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Iron ore posts weekly gain as investors assess fresh Beijing stimulus
Norge Mining acquires Europe’s largest natural graphite producer
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant
Arcadium Lithium investors sue miner over Rio Tinto takeover
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant
Arcadium Lithium investors sue miner over Rio Tinto takeover
Skeena advances Eskay Creek permitting, unlocks Orion funding
