Iran central banker: Inflation not over 0.5 percent above previous month
Azerbaijan, Baku, May 28 / Trend, F.Milad/
Iranian Central Bank Governor Mahmoud Bahmani has predicted that the inflation rate for the second calendar month of Ordibehesht (ended on May 20) was not over 0.5 percent above that of the first month, which was declared to be 21.8 percent.
"I do not think the rise in inflation exceeds 0.5 percent," he said.
The inflation rate for the second month will be officially announced by May 30, he added, the ISNA News Agency reported.
A member of the Iranian parliament (Majlis) has rejected President Mahmoud Ahmadinejad's recent claim that inflation rate in the country is around 6 percent.
On May 15, Hamidreza Fouladgar, of Parliament's Industry & Mining Committee told the Mehr News Agency that the country is grappling with two-digit inflation rate. The improper implementation is the subsidy reform plan as well as the ineffective policies of the administration and the judiciary has led to a rise in the inflation rate, he added.
In his recent address in the northeastern city of Mashhad, President Ahmadinejad said that the inflation rate is around 6 percent. "It had been said that the subsidy reform plan will fuel inflation and will halt production. But, Thanks God, nothing special has happened. The inflation rate is 6 percent," Ahmadinejad said.