TEHRAN: Central Bank of Iran has announced that Iran’s inflation rate in the previous year (ended March 21) as compared to the earlier year stood at nine per cent. The announced figure indicates that Iran’s inflation rate has been reduced to less than ten per cent for the second time in the past 26 years. Following the sing-digit inflation rate of the year 1990, realization of the nine-percent rate in the previous year marks Iran’s second experience of a single-digit figure in the past 26 years.
Accordingly, Iran has once again been placed among countries who enjoy a single-digit inflation rate. Results reveal that price index for consumer goods and services in Iran’s urban areas in the twelfth month of the previous year had reached 262.8 which was 2% higher than the figure for the earlier month. The same index was 11.9% larger than the figure in the corresponding period two years ago. As such, the inflation rate for the twelve months leading to February 19 as compared to the same period in the earlier year is calculated at nine per cent.
