Disputes over Iran’s inflation rate: 6.8% or 8.7%?
Baku, Azerbaijan, Feb. 23
By Fatih Karimov – Trend:
The inflation rate in Iran’s urban area for the 12-month period to the eleventh calendar month of Bahman (ended on Feb. 20) hit 8.7 percent, which indicates an increase by 0.1 percent compared to the preceding month, the Central Bank of Iran (CBI) said Feb. 23.
However, the Statistical Center of Iran has put the inflation rate for the same period at 6.8 percent, which is 0.1 percent less than the figure of the center from last month.
So there is a 1.9 percent difference between the figures unveiled by the two Iranian official entities.
The country's point-to-point inflation in the mentioned month was 10.6 percent, which is 1 percent more than the previous month, according to the CBI.
The point-to-point inflation rate statistics testifies to 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 257.7 units in the eleventh month of the current fiscal year, which is 1.1
percent more than in the preceding month.
The figure shows an annual growth of 10.6 percent.
The index for foods and drinks shows an increase by 2.8 percent compared to the preceding month and a growth rate of 12.9 percent when compared to the same time of 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.
Last year, the CBI announced that inflation has reached a one-digit figure, for the first time in a quarter century.