Iran's annual inflation rate at 6.8%
Baku, Azerbaijan, Apr.10
By Emil Ilgar – Trend:
The inflation rate in Iran for the last fiscal year, ended on March. 20, hit 6.8 percent, Iran’s Statistics Center reported on Apr.10. The figure for the previous year was 11.3%.
During Hassan Rouhani’s presidency, the inflation rate has decreased gradually from above 37.5 percent in a year to March 2013 to 6.8 percent and become single-digit for first time in 26 years.
The report 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 231.6 units, which is 6.8 percent more than the previous year.
Iran’s inflation is expected to temporarily rise to 11.9 percent by end of Iran's current fiscal year (March 21, 2017 - March 20, 2018), 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 in February 28, 2017.
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, according to the IMF predictions.
According to IMF, the country’s inflation rate stood at 6.8 percent during last fiscal year, which confirms the Statistics Center’s estimation.