Iran’s inflation rate decreases to 8.8%

Baku, Azerbaijan, Sept. 26

By Fatih Karimov – Trend:

The inflation rate in Iran’s urban area for the 12-month period to the sixth calendar month of Shahrivar (ended on Sept. 21) hit 8.8 percent, 0.1 percent less compared to preceding month, the Central Bank of Iran said Sept. 26.

However, the Statistical Center of Iran has put the inflation rate for the same period 8.3 percent, 0.4 percent less than the previous month.

The country's point-to-point inflation in the mentioned month was 9.5 percent, 0.1 percent more than the previous month.

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 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 's urban areas stood at 247.1 units in the sixth month of the current fiscal year, which is 0.7 percent more than its preceding month.

The figure shows an annual growth of 9.5 percent.

The index for foods and drinks shows a rise by 0.2 percent compared to the preceding month and a growth rate of 9.5 percent when compared to the same time last year, according to the CBI.

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.

No direct or indirect relations between Iran and US - Iranian Foreign Ministry
No direct or indirect relations between Iran and US - Iranian Foreign Ministry
Iran's nuclear activities completely peaceful - Rouhani
Iran's nuclear activities completely peaceful - Rouhani
IAEA chief: Technical meeting with Iran to be held in April
IAEA chief: Technical meeting with Iran to be held in April
Loading Bars
Latest
Azerbaijan's Azercell reveals number of processed requests in 2020
Azerbaijan's Jan. 2021 imports from EU show increase
Accumulative life insurance market in Azerbaijan grows
Iran capable of building long water transfer pipelines - Iranian VP
Deliveroo launches London IPO after business surges in 2020
Iran to publish final report of the downed Ukrainian jet soon
No direct or indirect relations between Iran and US - Iranian Foreign Ministry
Approval of FATF related bills would increase Iran's export revenue - Iranian Union
Iranian medicine importers awaiting approval of FATF related conventions
Turkey records slight decrease in car exports abroad
Cement exports from Turkey to global markets grow
Azerbaijan shows footage from Zangilan's Garagoz village (VIDEO)
Turkey's revenues from export of grains, legumes to global markets up
Moscow hosts opening ceremony of another 'Gifts of Azerbaijan' stand
Turkmenistan sells diesel fuel, gasoline to number of countries
Baku celebrating International Women's Day (PHOTO)
Kazakhstan's exports to Portugal plummet amid COVID-19
Kazakhstan boosts trade turnover with Lithuania
Oil supply to exceed demand in 2022, says JP Morgan
Georgia sees decrease in COVID-19 cases
Uzbekistan's gold deposit ranks in list of world's biggest gold mines by production
Azerbaijan's digital infrastructure project to generate Digital Silk Road between Europe, C.Asia
U.S. says all options on table for a decision on Afghanistan
Growth rate of agricultural production in Turkmenistan increases
Uzbekneftegaz reveals volume of oil products manufactured in 2M2021
Azerbaijan's First VP congratulates Azerbaijani women on International Women's Day
JP Morgan reveals 2021 oil demand & supply forecasts
Boom in Iran's housing sector create new jobs for local force
JP Morgan says OPEC to boost supply in 2021
OPEC crude output to exceed 30 mbpd in 2022 – JP Morgan
Uzbekistan, India talk mutual phytosanitary permits for agricultural products
Turkmenistan exceeds plan for transport, communication sector
Weekly review of Azerbaijani oil market
Nepal PM Oli receives first jab of Indian-made COVID-19 vaccine
Iran's economic development declines
IAM Construction LLC to reconstruct facility in Azerbaijan’s Seaside Park
Azerbaijan’s state interests on Azerbaijani-Armenian border protected at highest level
China's focus on annual GDP targets gives greater policy flexibility
Iran's CBI reveals amount of loans issued in Iran's trade sector
Buy/sell operations at Iran Mercantile Exchange on the rise
Iran kicks off development of Ramin oil field in Khuzestan Province
Iran reveals amount of loans issued in housing and construction sector
Iranian currency rates for March 8
Iranian banks issue big loans to agricultural sector
Iran boosts development of Zilayi oil field
Iran boosts exports via Zanjan Province
Iran's exports to Azerbaijan not on high enough level - Ali Jahangiri
State Oil Fund of Azerbaijan enters top five most transparent sovereign wealth funds
Large-amount loans issued in Iran's services sector
Excavations at Iran's South Pars gas field continue
Significant work done on water and electricity sectors in Iran – minister
Azerbaijan’s Buta Airways low-cost airline to resume flights from Baku to Ukraine’s Kyiv
Iran implements plan to maintain, increase extraction from several oil fields
Turkmenistan sees increase in trade turnover volumes
Japan government spokesman says timing of Biden-Suga meeting undecided
Exports to Iraq via Mehran crossing top $460m
Kazakhstan’s daily COVID-19 case count stands at 653
Weekly review of Azerbaijani ICT sector highlights
GE nears deal to combine aircraft-leasing unit with AerCap
Reopening schools a "national effort" to beat coronavirus - UK PM
Iran to construct new seaport making it largest in country
France ramps up weekend COVID-19 vaccinations after slow start
U.S. administers 90.35 million doses of COVID-19 vaccines
Swiss agree to outlaw facial coverings in 'burqa ban' vote
UK reports 82 new COVID-19 deaths
White House cites 'active threat,' urges action despite Microsoft patch
Iran's South Pars Gas Company declares gas production volumes
President Ilham Aliyev makes Facebook post on International Women's Day
4 terrorists killed in security forces operations in NW Pakistan
Turkey registers more than 11 180 new coronavirus cases
Iran’s CBI unveils amount of loans issued by banks
Azerbaijani Finance Ministry to auction off interest-bearing bonds
Iran to launch several facilities under city municipalities
Azerbaijan together with McKinsey improving railway sector
Turkmenistan's State Development Bank opens tender for IFRS 9 standard implementation
FIA updates schedule of Formula 1 weekends
Amount of loans issued in Iran's industrial and mining sectors announced
Israel's forex reserves hit record 185.09 bln USD
Review of main events of Azerbaijani financial market for first week of March
Turkey goes zero waste in agriculture
Iran's Energy Exchange announces products to be on sale on March 8
Iran’s Bahar Azadi gold coin price rebounds
Uzbekistan takes additional measures to support livestock industries
Iran’s CBI shares report on open market operations
Geostat reveals volume of meat production in Georgia
Reopening schools a "national effort" to beat coronavirus: UK PM
Jordan's PM reshuffles cabinet to accelerate reforms
Turkmenistan's oil refining volumes exceed plan
Kazakhstan increases imports from Hungary in 2020
Iran's interbank interest rate decrease
Weekly review of Azerbaijani currency market
Indonesia reports 5,826 new COVID-19 cases, 112 more deaths
7 killed, 3 missing in floods in northern Algeria
Iran reveals COVID-19 data for March 7
Azerbaijan shows footage from Aghdam's Suma village (VIDEO)
COVID cases up in Turkey’s 3 biggest cities as east enjoys calm
Turkmenistan reveals indicators of construction, industrial sector
Iran launches new projects in Hormozgan Province
Azerbaijan's Mortgage & Credit Guarantee Fund signs tender contract
Russia’s confirmed coronavirus cases grow by 10,595 in past day to 4,322,776
All news