Tehran, Iran, Sept. 27
Trend:
The Central Bank of Iran (CBI) said the country's inflation rate in the six-month period (ended on September 22) stood at 13.5 percent, up 2 percent from its previous month, ISNA reported.
According to the report published on September 27, Iran's inflation rate just went above 13 percent over six months, ending months of single-digit average CPI (consumer price index) growth.
Iran’s inflation rate eased into single digits for the first time in a quarter century following the lifting of sanctions against Tehran after the implementation of a landmark nuclear agreement, known as the Joint Comprehensive Plan of Action (JCPOA).
However, the single digit vanished into thin air after US President Donald Trump pulled his country out of the deal and re-imposed new sanctions on Tehran.
One set of sanctions has already been imposed on Iran and another is due to come into effect in November. The US State Department has been warning companies buying Iranian crude to put an end to purchases by early November.
The CBI also put the figure for the country's point-to-point inflation at 31.4 percent.