Baku, Azerbaijan, Feb. 28
By Emil Ilgar – Trend:
Iran’s Inflation is expected to temporarily rise to 11.9 percent by end-2017/18 (next fiscal year) reflecting recent liquidity growth and pass-through from exchange rate depreciation, but to return to single digits on the back of prudent fiscal and monetary policies, the International Monetary Fund (IMF) estimated.
According to a report, published on IMF’s official website Feb.28, the consumer price index inflation would reach 8.9 percent in the current fiscal year, started March 21. The figure was about 45 percent in mid-2013.
The inflation rate would increase next year, but it falls in a year to March 2018 again to about 11 percent and would become single digit after that.
IMF says that Iran’s inflation fell to a multi-year low of 6.8 percent in June 2016, down from a peak of 45 percent in June 2013 reflecting favorable food prices and prudent policies.