Car inflation is ahead of general inflation.
"Economic World":
Inflation in the car market in the first seven months of the year significantly exceeded general inflation, putting heavy pressure on household expenses.
The point-to-point car purchase rate reached 149.3% in October, which is roughly 1.7 times the general inflation and raised the cost of car purchase by about 2.5% compared to last year.
This rapid increase in prices is caused by factors such as a decrease in production by major automakers and automakers, a decrease in supply, an increase in the exchange rate, changes in import regulations, and the strengthening of inflationary expectations.
There was a period of relative price stagnation in the months of June to August due to the setting of the price, but the upward trend in prices returned from September with a monthly jump of 11.4% and in October with a growth of 14.5%.
Until the stable supply is strengthened and the production and import policies are not stabilized, the gap between vehicle inflation and general inflation and the difficulty of reaching consumers will continue.
Full text.
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The official channel of Donya Akhtaz newspaper.