The Statistical Center of Iran (SCI) put the average inflation rate in the twelve-month period that ended on August 22, which marks the end of the fifth Iranian calendar month of the Iranian year 1401, at 41,5 percent, 1,0 percentage points more from the figure for the twelve-month period that ended on the last day of the month before. 

The center put the country’s point-to-point inflation rate at 52,2 percent in the fifth month of this year, that is 1.8 percent less than in the month before. Point-to-Point means that families have paid an average of 52.2 percent more for purchasing the same package of commodities and services in that month, compared to the same month in the year be­fore.

EU27- Iran foreign trade from January till Juni 2022 generated 2,588 mil­li­on Euro.

The 27 EU coun­­­tries exported goods worth € 2,033 million Euro (+11%) to Iran and im­por­­­ted goods worth € 555 million (+36%).  Germany was the most important EU trade part­­ner of Iran, with a trade vol­ume of 950 million Euro, fol­lowed by Italy (324 million Euro) and the Netherlands (209 mil­lion Euro).

The European Union (EU27) export of goods to Iran in the first half of the year 2022 stood at 2,033 mill­i­­on Euro, an in­crea­se of 11% com­­pared to January-June 2021. Ac­cor­­­ding to the la­test da­ta by Euro­stat, the sta­tis­tical of­fice of the European Union, 39% of the EU ex­­ports to Iran ca­me from Ger­­­many that de­­­li­ve­red goods worth € 799 million, that was 6% more than in the first half of the year 2021. Second (11%) was Italy with ex­ports worth € 233 mil­­li­on (+7%), fol­lowed by the Netherlands (€ 175 million,  -19%).

From January till June 2022 the 27 EU countries imported goods worth € 555 mil­li­on from Iran (+36%).  Most of the Iranian ex­ports to the Eu­­ro­pean Union (27%) went to Germany, which im­ported goods worth € 151 mil­­lion from Iran (+7%), fol­­lowed by Italy (€ 91 mi­l­li­on, 8%), Spain (€ 66 million, +62%) and Romania (€ 54 million, +75%).

ICCIMA:   The Iranian government has approved a raise in monthly pensions paid to mil­lions of re­tired workers in the country. The Iranian government has approved a raise in monthly pen­sions paid to millions of retired workers in the country. Caretaker labor mi­nister Mo­ham­mad Hadi Zahedivafa said on Thursday that monthly pensions for retired workers who are on the payroll of Iran’s Social Security Organization (SSO) will rise by 38% plus a fixed monthly handout of 5.15 million rials ($17.5) as of September. The raise will be ap­plied retroactively to pensions paid since the start of the calendar year in March, said Za­he­divafa. The move comes amid efforts by the Iranian government to shield house­holds against rising consumer prices in the country. It is estimated that near­ly 10 million people in Iran will benefit from the raise as nearly 3.6 million pen­sio­ners on SSO payroll, including 2.4 million retired workers, and their families will be af­fected by the move. An initial plan to raise SSO retirement pensions by only 10% had triggered demonstrations by pensioners. The protests and other controversies surround­ding the issue even caused a former labor minister to resign in mid-June.

Reports suggest the Iranian government has plans to order similar raises in monthly wa­ges and pensions paid to millions of civil servants and state pensioners in the coun­try. If implemented, it will be a first time in several years that the government decides to re­pair wages half way through the Iranian calendar year. Consumer prices for food and services rose by at least 40% over the year to July, according to the Iranian government figures. That comes as fuel and energy prices have remained unchanged over the same period

The last statistic of the Islamic Republic of Iran Customs Adminis­tra­tion (IRICA) shows that Iran’s foreign trade volume in the first four month of the year 1401 (Mar. 21 - July 22 2022) has reached $34.480 billion, that is 19% more than in the first four month of the Iranian year 1400. 

The export volume of non-oil goods (excluding crude oil, fuel oil and kerosene and also without considering exports of luggage trade) in the first four month of the year 1401 valued at $17.240 billion (+22%). China ($5,617 million), Iraq ($2,398 million), the Uni­ted Arab Emirates ($2,264 million), Turkey ($2,060 mil­lion) and India ($567 million) were Iran’s five ma­jor export destinations, which accounted for 75% in total.

Iran imported goods valued at $17.240 billion (17%) in the first four month of the year 1401. Ac­cor­dingly, the United Arab Emirates ($ 4,875 million), China ($ 4,422 million), Turkey ($ 1,787 million), India ($ 859 million) and Russia ($ 599 million) together exported goods worth $12.542 billion (73%) to the Islamic Republic of Iran in the same period.