Impact of rising gasoline prices on inflation to be about 4% - Iran’s Central Bank
BAKU, Azerbaijan, Nov. 21
By Elnur Baghishov - Trend:
The indirect impact of rising gasoline prices on inflation will be about 4 percent during the next year, Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati told reporters, Trend reports via IRNA.
Hemmati noted that the direct impact of rising gasoline prices on inflation will be about 2 percent, adding that the increase in gasoline prices had no impact on foreign currency.
On Nov. 15, the price of gasoline sold within quotas in Iran rose by 10,000 rials (23 cent) to 15,000 rials (35 cent) per liter and the price of freely sold gasoline grew to 30,000 rials (71 cent) per liter.
In accordance with the Consumer Price Index in Iran, inflation has reached 42 percent over the past 12 months. Thus, families in Iran had to spend 42 percent more funds on products and services over the past 12 months compared to the previous 12 months.