Iran’s inflation rate hits 32.1 percent

Photo: Iran’s inflation rate hits 32.1 percent / Iran

Baku, Azerbaijan, April 3

By Umid Niayesh - Trend:

Iranian senior official says that the inflation rate for the 12-month period reached 32.1 percent by the end of last Iranian calendar year (March 20).

Vice-president for Strategic Planning and Control Mohammad Baqer Nobakht underlined that the 43-percent inflation rate of August-September 2013 has been reduced to 32.1 percent, the country's Young Journalists Club news agency reported on April 3.

The point-to-point inflation stood at 19.6 percent for the last Iranian calendar month of Esfand (Feb.20-March 20), which indicates a fall by 0.4 percent compared to the previous month, according to the official website of the Statistics Center of Iran.

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 (Jan. 21 - Feb. 19) at 33.7 percent and 22 percent, respectively.

The decreasing trend of the inflation rate is even more than the official forecasting.

Iranian president Hassan Rouhani said on Feb. 26 that in the last six months the inflation rate in Iran has decreased, forecasting that the figure will stand at 35 percent by the end of current Iranian calendar year (started March 20).

"The decreasing trend of the inflation rate will continue in the next Iranian calendar year and will reach 25 percent," he added.

The inflation rate for the 12-month period to the tenth Iranian calendar month of Dey (ended on Jan. 20) hit 38 percent, while the point-to-point inflation stood at 28.8 percent, Central Bank of Iran announced on Feb. 3.

Edited by C.N.

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