Inflation for Iran's lowest-income deciles stays in triple digits for a second month; meat the only group to fall in Tir

The Statistical Centre of Iran reported in its Tir 1405 inflation release that year-on-year inflation reached 100.6 percent for the second income decile and 99.6 percent for the first, the second consecutive month in which inflation for low-income groups has stayed around triple digits. The rate first crossed 100 percent in Khordad 1405. By contrast, year-on-year inflation for the tenth decile was 84.7 percent, widening the gap between the poorest and richest households to 9.6 percentage points in Tir, up 1.2 points from Khordad.

According to the same release, monthly inflation in Tir 1405 was 3.1 percent, down from 5.9 percent in Khordad. Of the 12 main goods and services groups, 11 rose, with vegetables posting the largest monthly increase at 8.3 percent. Red and white meat was the only group to fall, dropping 4.7 percent, its largest monthly decline since Ordibehesht 1398 (minus 5.3 percent).

Overall year-on-year inflation eased to 87.9 percent in Tir, 0.7 percentage points below Khordad, while annual inflation rose 4 percentage points to 66 percent. Tobacco led with annual inflation of 105.9 percent, and the housing, water, electricity, gas and other fuels group was lowest at 35.5 percent.