Inflation rate in Iran falls to 16.8%
Baku, Azerbaijan, Dec. 27
By Fatih Karimov - Trend:
The inflation rate in Iran fell to 16.8 percent for the 12-month period to the ninth Iranian calendar month of Azar (ended on December 21).
Iranian Government Spokesman Mohammad Baqer Nobakht said that the inflation rate decreased by one percent compared to the 12-month period to the eighth Iranian calendar month of Aban (ended on November 21), Iran's Mehr news agency reported on Dec. 27.
However, the Central Bank of Iran (CBI) has not yet announced the inflation rate for the month of Azar.
CBI has predicted that the inflation rate will fell to 13%-14% next year.
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.