Iran inflation rate hits 27.7 percent, CBI says
Tehran, Iran, June 30
By Milad Fashtami - Trend:
The Central Bank of Iran announced that the inflation rate for the 12-month period to the third Iranian calendar month (ended on June 21) hit 27.7 percent.
The country's point-to-point inflation in the mentioned month was 14.7 percent, Iran's Mehr News Agency reported on June 30.
Iran's CBI also said that the consumer price index (CPI) also stood at 194 units in the third month of the current year, which is 1.7 units more than its preceding month.
The Statistical Center of Iran previously put the inflation rate for the mentioned month at 26.2 percent.
According to the Statistical Center of Iran, the consumer price index (CPI) also stood at 181.5 units in the third month of the current year, some 0.8 units more than its preceding month.
The inflation rate in Iran in 2005, when Ex-President Mahmoud Ahmadinejad took the government was about 10.4 percent, but in mid-2013, when Ahmadinejd handed over the office to Rouhani, the inflation rate and point-to-point inflation rate were 37.5 percent and 44 percent, respectively.
Iranian President Hassan Rouhani said on March 29 that the country's inflation rate is projected to drop to 25 percent by the end of the current Iranian calendar year (March 20, 2015), Iran's Arsh news website reported.
"Improving relations with foreign countries may even cause the figure to fall below 25 percent," he explained.