Inflation rate stands at 10.2% in Iran: CBI

Tehran Times - - ECONOMY -

TEHRAN — The Cen­tral Bank of Iran (CBI) has an­nounced that the inflation rate for the 12-month pe­riod ended in the last day of the third Ira­nian cal­en­dar month of Khor­dad (June 21) com­pared to the same pe­riod in the pre­vi­ous year hit 10.2 per­cent, IRIB news re­ported.

The Sta­tis­ti­cal Cen­ter of Iran pre­vi­ously put the coun­try’s inflation rate at 7.4 per­cent in the ur­ban ar­eas and 8.5 per­cent in the ru­ral ar­eas for the 12-month pe­riod ended in Khor­dad, Tas­nim news agency re­ported.

The cen­ter has put the coun­try’s inflation rate at 9.8 per­cent in the past Ira­nian cal­en­dar year 1395 (ended on March 20), show­ing 4.5 per­cent drop from its pre­ced­ing year.

It is while the CBI had pre­vi­ously put the coun­try’s inflation rate at nine per­cent dur­ing the past cal­en­dar year.

Iran, ac­cord­ingly, could man­age to ex­pe­ri­ence a sin­gle-digit inflation rate after 26 years in 1395.

Curb­ing inflation was one of the ma­jor prom­ises by Ira­nian President Has­san Rouhani dur­ing his pres­i­den­tial cam­paign. Un­der the pre­vi­ous ad­min­is­tra­tion, inflation sky­rock­eted to cross 44%.

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