Iran’s inflation rate hits 33.7 percent
Baku, Azerbaijan, Feb. 27
By Umid Niayesh - Trend: The inflation rate for the 12-month period to the eleventh Iranian calendar month of Bahman (ended on Feb. 19) reached 33.7 percent, vice-president for Strategic Planning and Control, Mohammad Baqer Nobakht said, Iranian Fars news agency reported on Feb. 27.
He also went on to say that the point-to-point inflation stood at 22 percent, which indicates a fall by 5.5 percent.
Nobakht also expressed thanks to administration's economy team for its work on reducing the inflation rate.
Iranian president Hassan Rouhani said on Feb. 26 that in 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 (ends on March 21).
"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 January 20) hit 38 percent, while the point-to-point inflation stood at 28.8 percent, Central Bank of Iran announced on Feb. 3.
However, the Statistical Center of Iran announced on Jan. 28 that the inflation rate for the 12-month period to the tenth Iranian calendar month of Dey hit 35 percent.
The figure shows a 0.5 percent fall compared to the previous month, the center reported.