Tehran, Iran, Feb. April 8
By Milad Fashtami - Trend:
Iran's inflation rate stood at 34.7 percent in the 12th calendar month of the previous year (February 20 - March 20), which ended on March 20.
The Central Bank of Iran reported that the point-to-point inflation was around 19.7 percent in the mentioned month, Iran's IRNA News Agency reported on April 8.
The Statistical Center of Iran also reported on March 31 that the country's point-to-point inflation in the last month of the previous year was decreased by 2.4 percent compared to its preceding month.
The country's urban inflation rate also faced a 1.6-percent decrease in the mentioned month in comparison to its preceding month.
Iranian President Hassan Rouhani said on March 29 that the country's inflation rate is projected to drop to 25 percent by the end of the current Iranian calendar year (March 20, 20105), Iran's Arsh news website reported.
"Improving relation with foreign countries may even cause the figure to fall below 25 percent," he explained.
"My government faced severe economic problems in the past year but I never allowed borrowing money from the central bank," he said.
The Statistical Center of Iran on March 1 put the 12-month and the point-to-point inflation rates for the eleventh Iranian calendar month of Bahman (January 21 - February 19) at 33.7 percent and 22 percent, respectively.
In November 2013, Iranian President Hassan Rouhani said for the first time that his government plans to decrease the inflation rate to below 25 percent by the end of the next Iranian calendar year 1393 (March 20, 2015).
The inflation rate was projected to hit 35 percent at the end of the previous Iranian calendar year (March 20).