Baku, Azerbaijan, June 24
By Emil Ilgar – Trend:
The Statistics Center of Iran has announced that the inflation rate in urban areas for a 12-month period ending in the fourth Iranian calendar month of Tir (ended on July 21) stood at 7.6 percent, 0.2 percent more compared to the preceding month.
The Statistics Center of Iran 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 248.2 units in the third month of the current fiscal year, which is 1.2 percent more than its preceding month.
The figure shows an annual growth of 9.4 percent.
The index for foods, drinks and tobacco stood at 303.1, showing a rise by 1.2 percent compared to the preceding month and a growth rate of 13.5 percent when compared to the same time last year.
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.