Baku, Azerbaijan, Dec. 27
By Umid Niayesh - Trend:
The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period to ninth Iranian calendar month of Azar (ended on December 21) hit 17.2 percent.
The figure is one percent less compared to the preceding month, official website of the CBI reported Dec. 27.
However, Iranian Government Spokesman Mohammad Baqer Nobakht earlier said that the inflation rate for the 12-month period to Azar fell to 16.8 percent citing the Statistical Center of Iran.
The country's point-to-point inflation in the mentioned month was 16.7 percent, 1.6 percent more than in the previous month, according to the CBI.
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 Central Bank also said that the consumer price index (CPI) stood at 211.7 units in the ninth month of the current fiscal year, which is 1.9 percent more than its preceding month.
Earlier Iran's President Hassan Rouhani said that the government managed to decrease inflation significantly in the past 16 months.
"We have managed to decrease the inflation to 17 percent from the previous figure of 40 percent [at the end of the previous administration's term]," Rouhani said.
Iranian president has promised to decrease the inflation rate to 5 percent in the [Iranian fiscal] year of 1395 (to end on March 20, 2017).
The inflation rate in Iran in 2005 was about 10.4 percent, but in mid-2013, when Rouhani came to power, the inflation rate and point-to-point inflation rate were 37.5 percent and 44 percent, respectively.
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