TEHRAN, Iran, October 26. Iran’s Ministry of Economy has predicted the decline of the inflation rate in the coming months, Trend reports citing IRNA.
The statement released by the ministry’s public relations indicated that the inflation rate declined by 19.7 in the past twelve months reducing from 59.3 percent to 39.6 percent.
The statistics have shown the liquidity growth rate from September 2021 to September 2022 had a slight drop from 40.5 percent to 37.8 percent while the monetary base growth rate has also declined from 39.5 percent to 30.3 percent.
The Iranian government is focusing on control of elements affecting the inflation rate caused by a lack of discipline in the budget, bank network and fluctuation of the foreign exchange rate, the statement noted.
According to the statistics, the government income sources have reached 412 trillion rials (about $98 billion) during the first five months of the current Iranian year (started March 21, 2022) showing 56.5 percent growth.
The government's general revenues have been the most stable income source with 66.5 percent growth reaching to 249 trillion rials (about $59.2 billion) while the tax revenue had 73 percent growth.