BAKU, Azerbaijan, December 23. Iran's point-to-point inflation rose by 32.5 percent for the ninth month of the current Iranian year (from November 21 through December 20, 2024) compared to the same month of last year (from November 22 through December 21, 2023).
The data obtained by Trend from the country's Statistical Center shows that families in Iran spent an average of 32.5 percent more on a range of products and services for the ninth month.
The point-to-point inflation rate is the measurement of the increase in the price of goods and services over a given period or the percentage change in the price index compared to the same period of the previous year.
The information says that the price index for the ninth month amounted to 285.1.
According to the report, the point-to-point inflation for the ninth month amounted to 26.3 percent in the food, beverages, and tobacco group and 34 percent in the non-food goods and services sector.
The report shows that the point-to-point inflation for the ninth month stood at 31.7 percent in urban areas and 29.7 percent in rural areas.
The report indicates that for the ninth month, the country's monthly inflation fell by 0.8 percent year-on-year to 2 percent compared to the eighth month of this year (from October 22 through November 20, 2024).
Monthly inflation is the percentage change in the number of price indexes compared to the previous month.
The monthly inflation for the ninth month amounted to two percent in urban areas and two percent in villages.
Moreover, the report notes that for the ninth month (from December 22, 2023 through December 20, 2024), inflation decreased by 0.6 percent compared to the previous period (December 23, 2022 through December 21, 2023) to 32.5 percent.
Annual inflation denotes the average percentage change in price index indicators over the last year.
Based on the report, following the results of the ninth month, the annual inflation rate stood at 32.9 percent in Iranian cities and 29.9 percent in rural areas.