Downward trend in Iranian inflation continues, February CPI at 41.4%
Figures by the Statistical Center of Iran (SCI) shows a downward trend in the country's inflation rate continued in February.
SCI figures published on Sunday showed that Iran’s annual consumer prices index (CPI) dropped by 1% in the calendar month to February 19 to stand at 41.4%.
The decline in the CPI was 1.6% for households living in the Iranian countryside where the rate was reported at 44.2% in late February, said the SCI, adding that inflation for urban households was down by one percentage point against January to 40.8%.
Highest price hikes in February were reported for vegetables, bread and grains especially rice, and sugar and sweets, said the agency, adding that the highest price rises in the non-food sector had been reported for hotel accommodation, shoes and apparel, and newspapers and magazines.
The SCI said that month-on-month inflation rate in Iran dropped by 0.3% to 2.1% in February.
It said the point-to-point inflation rate declined by 0.5% from January to 35.4% in late February. The measure, frequently used SCI reports over the past years, reflects the price increases compared to the single month to late February of 2021.
The figures come against a backdrop of statements by Iranian authorities suggesting an administrative government that came to office in August have managed to control rising prices in the country.
The downward trend in the Iranian inflation rate started in October when the annual CPI dropped slightly to 45.4% as per figures by the SCI.
The government hopes the trend will continue in the upcoming months with a stronger rial and better crude oil exports.
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