Iran’s Central Bank says food prices rising over past year
Azerbaijan, Baku, Oct.30/ Trend F.Karimov/
The Central Bank of Iran has reported that prices of 11 groups of food products have risen in Iran in the week ending October 25, compared to the same period in the previous year, the Tasnim News Agency reported.
According to the report, the price of dairy products, rice and meat rose by 17.9 per cent, 53.2 per cent and 37.5 per cent respectively, compared to the previous year.
The prices of egg, fruit, vegetables and sugar also rose by 22.3 per cent, 75.9 per cent, 88.1 per cent and 22.3 per cent respectively.
There has been a small rise in the price of butter, but the prices of other dairy products remained unchanged in the same week compared to the preceding one.
The administration of President Hassan Rouhani pays special attention to the issue of food security, IRNA quoted vice president Mohammad Baqer Nobakht as saying.
Studies show that the country's dependence on imports of food products has decreased from 26 to 45.5 per cent, he added.
However, the country's self-sufficiency in the food industry has dropped from 74 per cent to 55 per cent, he further said.
Prices of 11 groups of food have risen in Iran in the week to October 19 compared to the same period of the previous year, the Mehr News Agency reported.
According to the Central Bank of Iran, there has been a rise in the price of butter, but the prices of other dairy products remained unchanged in the same week compared to the preceding one.
The price of meat also rose slightly in the same week, whilst the price of rice and sugar fell.
The Central Bank of Iran has also released a chart comparing the price of staple food in the period with the same period in the previous year.