Tehran, Iran, Aug. 27
By Milad Fashtami - Trend:
Iran urban inflation rate stood at 22.3 percent in the 12 month period which ended on August 22.
The Statistical Center of Iran reported that the figure shows 1.9 percent decrease compared to the same period of the previous year, Iran's IRNA News Agency reported on August 27.
The country's point-to-point inflation in the past 12 months was 14.7 percent.
The point-to-point inflation rate statistics identify the rate between distinct points in time, such as the inflation rate at the end of a month compared to the rate of inflation at the end of the same month in the previous year.
The consumer price index (CPI) also stood at 192.8 units in the mentioned period.
The average monthly spending of an urban Iranian family in the previous calendar year which ended on March 20 was around 17.17 million rials (some $554 based on the exchange rate of USD at the free market).
The Statistical Center of Iran also put the average income of urban families in the mentioned period at 17.03 million rials (some $549 based on the exchange rate of USD at the free market), Iran's Mehr News Agency reported on July 12.
An urban family's total spending in the mentioned year was averagely around 206.034 million rials, which is 25.4 percent more than its preceding year.
Food stuff and tobacco accounted for 26.7 percent of the mentioned figure.
Iranian President Hassan Rouhani said on August 20 that the country's inflation will fall below 20 percent by the end of the current calendar year (March 20, 2015).
He went on to note that the country was struggling with inflation rate of 40 percent last year.
According to Mehr News Agency, Rouhani vowed to decrease the inflation rate to 5 percent in the [Iranian calendar] year of 1395 (to end on March 20, 2017). He said containing inflation is the government's main priority, economy wise.
The inflation rate in Iran in 2005, when Ex-President Mahmoud Ahmadinejad took the government was about 10.4 percent, but in mid-2013, when Ahmadinejd handed over the office to Rouhani, the inflation rate rose to 37.5 percent.
Rouhani said on March 29 that improving the relations with foreign countries may even cause the figure to fall below 25 percent, according to Iran's Arsh news website.
...