Iran’s rural inflation rate falls to 7.7%
Baku, Azerbaijan, Oct. 11
By Fatih Karimov – Trend:
The inflation rate in Iran's rural areas for the 12-month period ended the sixth Iranian calendar month of Shahrivar (Sept. 21), has amounted to 7.7 percent.
The inflation rate decreased by 0.3 percent compared to the figure for 12-month period ended the fifth calendar month of Mordad (Aug. 21), the Statistical Center of Iran reported.
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 rural areas in the month of Shahrivar (Aug. 21 – Sept. 21) stood at 244, indicating a fall by 0.1 percent compared to the previous month.
Increase of the overall index compared to the same month of the previous year (called point-to-point inflation in Iran) was 7.5 percent, which is 0.3 percent less compared to the previous month.
In Iran, 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 index for foods, drinks and tobacco products shows a fall by 0.7 percent compared to the preceding month and a growth rate of 3.1 percent when compared to the same time last year, according to the Statistical Center of Iran.
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.