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Central bank: Iran’s inflation rate hits 19.1 percent

Business Materials 8 November 2011 12:05 (UTC +04:00)
The Iranian Central Bank governor Mahmoud Bahmani said that the country’s inflation rate hit 19.1 percent within the 12-month period and ended in the seventh calendar month (October 22).
Central bank: Iran’s inflation rate hits 19.1 percent

Azerbaijan, Baku, Nov.8 / Trend F.Milad/

The Iranian Central Bank governor Mahmoud Bahmani said that the country's inflation rate hit 19.1 percent within the 12-month period and ended in the seventh calendar month (October 22).

Speaking at a conference in Tehran on Tuesday, Bahmani said that the inflation rate was 18.3 percent within the 12-month period and ended on September 22, the IRIB reported.

He predicted that the inflation rate growth will start decreasing in January.

Earlier, he put the inflation rate for the fifth calendar month at 17.3 percent.

He added that the point-to-point inflation has decreased from 21.1 percent in the fourth month to 20.8 percent in the fifth month.

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