Iran's rural inflation hits 20.9%
Tehran, Iran, Oct. 8
By Milad Fashtami - Trend:
The Statistical Center of Iran put the inflation rate for the 12-month period to the sixth Iranian calendar month (ended on September 22) at 20.9 percent.
The consumer price index (CPI) also stood at 204.3 units in the sixth month of the current year, which is 0.9 units more than its preceding month, Iran's Mehr News Agency reported on October 8.
The rural areas' point-to-point inflation in the mentioned month was also 12.3 percent.
The point-to-point inflation rate statistics identify the rate between distinct points in time, such as the inflation rate at the end of a month compared to the rate of inflation at the end of the same month in the previous year.
The Central Bank of Iran announced on September 26 that the inflation rate for the 12-month period to the sixth Iranian calendar month (ended on September 22) hit 21.1 percent.
The country's point-to-point inflation in the mentioned month was 14.4 percent, Iran's Mehr News Agency reported.
The consumer price index (CPI) also stood at 202 units in the sixth month of the current year, which is 1.4 units more than its preceding month.
Iranian Minister of Economic Affairs and Finance Ali Tayebnia said on October 7 that country's inflation in the next 12-month will not exceed 15 percent.
Iranian President Hassan Rouhani said on August 20 that the country's inflation will fall below 20 percent by the end of the current calendar year (March 20, 2015).
He went on to note that the country was struggling with inflation rate of 40 percent last year.
Iranian president has vowed to decrease the inflation rate to 5 percent in the [Iranian calendar] year of 1395 (to end on March 20, 2017).
The inflation rate in Iran in 2005, when Ex-President Mahmoud Ahmadinejad took the government was about 10.4 percent, but in mid-2013, when Ahmadinejd handed over the office to Rouhani, the inflation rate and point-to-point inflation rate were 37.5 percent and 44 percent, respectively.