Monthly Inflation in the Housing Group Eases for a Third Straight Month to 3% in Mehr, While Its Point-to-Point Rate Is Back Up to About 44%

Ecoiran, using central bank data, reports that monthly inflation in the "housing, water, electricity, gas and other fuels" group fell for a third straight month in Mehr 1405: from 5.9% in Tir to 5.6% in Mordad, 5.1% in Shahrivar and 3% in Mehr. The group's index is still rising, however, and its point-to-point inflation, after about two years of decline, has turned upward again and reached about 44% in Mehr 1405, against about 33.1% in Mehr 1404.

From the end of Esfand to the end of Mehr, the housing and related services index rose about 33.4%, the overall consumer index about 45.6% and the food and beverages group nearly 72.5%. Point-to-point inflation of the overall index in Mehr was 83.5%, close to 40 percentage points above the housing group.