Iran’s point-to-point inflation rate becomes 2-digit
Baku, Azerbaijan, June 23
The inflation rate in Iran’s urban areas for a 12-month period ending in the third Iranian calendar month (ended on June 21) stood at 8.2 percent, 0.1 percent more compared to the preceding month.
The country's point-to-point inflation in the mentioned month was 10.2 percent, 1.6 percent more compared to the previous month, the Statistics Center of Iran said June 23.
Point-to-point inflation is a term frequently used by the Iranian government, denoting the inflation usually over one month.
The Statistics Center of Iran 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 116.1 units in the 3rd month of the current fiscal year, which is 1.7 percent more than in the preceding month.
The figure shows an annual growth of 10.2 percent.
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.