TEHRAN, Iran, Nov.18
Trend:
Inflation in Iran continues to rise, forcing further increase of essential goods, said head of Tehran Chamber of Commerce Masoud Khansari, Trend reports citing ILNA.
Statistical Center of Iran has announced that the country's total inflation rate in the past twelve months was 45.4 percent, which put even more pressure on households, since the prices on essential items have risen as well, he said.
According to reports, in 2020, Iran's government has allocated $10.5 billion for the import of medicine and essential goods. About $5 billion was allocated for importing essential goods - from the oil export revenues, while the rest was provided by through the Central Bank of Iran.
Khansari went on to say that the money administered by the Central Bank of Iran for the import of essential goods has caused the increase of monetary base and inflation rate as well.
In the past Iranian year (ending on March 20), investments totaled $4 billion which was less than capital depreciation, leading to a 3.5-percent negative rate of investments.