🔺Inflation reached the 77% mark; oil is the record-holder for year-on-year inflation at 255%

▪The Statistical Center of Iran reported that year-on-year inflation for oil in Mehr was 255%, and that for milk, cheese, and eggs was 154%. With this figure, oil also surpassed the highest main group in the index—tobacco—with 163.2%.

▪The scale of change is shown in this report. In Shahrivar 1404, year-on-year inflation for oil and fats was 48.7%, and for milk, cheese, and eggs was 46.2%. In other words, the pace of price increases for these two items has more than tripled over the course of a year.

▪In Mehr, the overall index recorded monthly inflation of 4.4%, year-on-year inflation of 88.7%, and annual inflation of 76.8%. Year-on-year inflation in rural areas reached 107%, while in urban areas it was 85.5%, meaning a difference of 21.5 percentage points.