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Rich-Poor Inflation Gap Widens
The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 7% in the fifth month of the current Iranian year (July 23-Aug. 22), up 1.2 percentage points from the previous month.
The inflation gap in “food, beverages and tobacco” group among income deciles grew by 0.5 percentage points and that of “non-food and services” group declined by 0.1 percentage points compared with the previous month.
The average goods and services Consumer Price Index in the 12-month period ending Aug. 22 increased by 46.5% for the first decile (those with the lowest income) and grew by 39.5% for the 10th decile (those with the highest income).
financialtribune.com/node/114970
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