Baku, Azerbaijan, Dec. 26
By Fatih Karimov – Trend:
Inflation rate in Iran’s urban areas for the 12-month period to the ninth Iranian calendar month of Azar (ended on Dec. 22) hit 10 percent, which indicates a rise by 0.1 percent compared to the preceding month, the Central Bank of Iran (CBI) said Dec. 26.
Meanwhile, the Statistical Center of Iran in its latest report put the inflation rate for the same period at 7.8 percent, 0.3 percent more compared to its figure for last month.
So, there is a 2.2 percent difference between the figures unveiled by the two official Iranian entities.
The announced inflation rate between the two organizations has been different in recent months and the Statistical Center's inflation rate has been lower than that of the Central Bank.
The Central Bank also said that setting the Iranian fiscal year 1395 (March 21, 2016 to March 20, 2017) as the main one, that is 1395=100, the consumer price index (CPI) in Iran’s urban areas stood at 111.9 units in the ninth month of the current fiscal year, which is 1.9 percent more than in the preceding month.
The figure shows an annual growth of 10 percent.
The index for foods and drinks shows an increase by 3.4 percent compared to the preceding month and a growth rate of 14.3 percent 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.