Iran’s inflation rate down to 8.9% - Central Bank
Baku, Azerbaijan, July 26
By Emil Ilgar – Trend:
The Central Bank of Iran (CBI) announced that the inflation rate in the 12-month period to the fifth Iranian calendar month of Tir (ended on August 21) has hit 8.9 percent, 0.3 percent less compared to the preceding month.
The Central Bank also said that setting the Iranian fiscal year 1390 (March 21, 2011 to March 20, 2012) as the main one, that is 1390=100, the consumer price index (CPI) in Iran stood at 245.5 units in the fifth month of the current fiscal year, which is 1.1 percent more than its preceding month.
The figure shows an annual growth of 9.4 percent.
The inflation rate in Iran in 2005 was about 10.4 percent, but in mid-2013, when Iranian president Hassan Rouhani came to power, the inflation rate and point-to-point inflation rate were 37.5 percent and 44 percent, respectively.
In a late June report, the CBI announced that inflation has reached a one-digit figure, for the first time in a quarter century.