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Central Bank: Inflation hits 15.9% in Iran

Business Materials 27 October 2018 17:42 (UTC +04:00)

Baku, Azerbaijan, Oct. 27

By Elnur Baghishov - Trend:

During 12 Iranian months before October 22, 2018, inflation in Iran increased compared to the same period before October 22, 2017, Mehr News Agency reported citing the country's Central Bank.

The inflation reached 15.9 percent in the last month of the reported period.

Last month, prices for goods and services in Iran's urban areas increased by 4.6 percent compared to the month before.

The price index increased by 36.9 percent compared to the same period of the previous year.

Amidst a slight improvement in the currency market's stability, the inflation rate, which was rising in the first six months of the year, dropped last month.

Inflation during 12 Iranian months before October 22, 2018 compared to the same period before October 22, 2017 (in percent).

Real estate 10 Communication services 14.2
Food and drinks 21.20 Education 14.1
Transport 20.4 Restaurants and hotels 14.8
Health services 11.4 Tobacco products 47.8
Clothes and footwear 12.7 Recreation 29.4
Household items 22.8 Other services and products 23
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