TEHRAN: CBI has announced that Iran’s inflation rate reached 8.8 per cent in the 12-month period leading to the previous Iranian calendar month (ended September 21). On the basis of the report published today by the Central Bank of Iran (CBI), price index of consumer goods and services in urban areas stood at 247.1 in the previous Iranian month (August 22 to September 21) indicating a 0.7% rise as compared to the earlier month. Price indices for clothing and footwear, healthcare, communication and education increased by 0.5, 1.7, 0.2 and 0.4 per cent in the previous month as compared to the earlier 30-day period.
Vice President and Head of Plan and Budget Organization Mohammad Bagher Nobakht said earlier on August 22 that annual inflation by the fifth Iranian month (ended August 21) stood at 8.7 percent indicating a 0.3-percent decrease as compared with the earlier month. He had noted that the monthly rate of inflation in the fifth month of current Iranian calendar year (spanning Jul. 22-Aug. 21) was calculated at 1.4 per cent while the figure was 1.6 for one month earlier.
The official also said the point-to-point inflation rate in the previous Iranian month stood at 7.4 per cent while figure for the preceding month was 6.5 per cent. Nobakht underlined that the government is determined to continue with the policy of controlling inflation and lowering the price of goods and commodities.
