Tyranny of numbers

Rethinking CPI, Food Prices, and Living Standards in Iran

Posted in General, Inflation, Living standards, Poverty by Tyranny of Numbers on October 4, 2025

A comment from an informed reader prompted me to re-examine my earlier post on living standards in 2024/25. The issue raised was whether it is adequate—or even accurate—to deflate household expenditures with the overall CPI, as reported by the Statistical Center of Iran (SCI), while ignoring the fact that food prices have risen faster than average prices.

(more…)
Tagged with: , ,