Iran’s export price index rises by 0.4%
Baku, Azerbaijan, Oct.10
By Fatih Karimov - Trend:
Iran's export price index rose by 0.4 percent in the fifth Iranian calendar month of Mordad (July 23-August 22) compared to the fourth calendar month (current Iranian calendar year began on March 21).
Export price index in Iran reached 270.8 in the fifth calendar month, Iran's ISNA news agency reported on October 10.
An export price index is an index calculated for the price(s) of one or any specified group of commodities entering into international trade using, ideally, FOB export prices.
The Central Bank of Iran (CBI) has announced that the inflation rate for the 12-month period that ended on the last day of the Iranian calendar month of Shahrivar (September 22), was 21.1 percent, a 1.2 percent decline compared to the previous month.
The bank put the point-to-point inflation rate at 14.4 percent.
On July 20, Finance and Economic Affairs Minister Ali Tayyebnia said the Iranian government will implement anti-recession programs until a single-digit inflation rate is achieved.