Iran's Central Bank puts inflation rate at 34 percent
Azerbaijan, Baku, Jun.29/ Trend F.Karimov/
The Central Bank of Iran has announced that the inflation rate for the 12-month period, concluding at the end of the third Iranian calendar month of Khordad (June 21, 2013), hit 34 percent, the Fars News Agency reported.
This is while the Statistical Center of Iran has put the inflation rate at 32.6 percent.
Earlier this month, Governor of Iran's Central Bank Mahmoud Bahmani said the country would curb inflation through three financial policies."we hope to curb inflation through selling bonds and gold coins as well as reducing liquidity," Bahmani stated.
Iran's inflation rate stood at 25.4 percent during the previous Iranian calendar year, which ended on March 20.
In April, the International Monetary Fund reported that Iran's economy contracted by 1.9 percent in 2012 and is expected to shrink by 1.3 percent this year.
However, the economy of the Islamic Republic is forecast to grow next year by 1.1 percent, the IMF said in its annual World Economic Outlook.