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                                        Volume. 12085

Inflation rate hits 31.1% in Iran’s rural areas
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TEHRAN - The inflation rate in Iran’s rural areas hit 31.1 percent for the 12-month ended in the second Iranian calendar month of Ordibehesht (May 21), according to the Statistical Center of Iran.
 
The Center put the point-to-point inflation rate at 16.3 percent, the Mehr News Agency reported. 
 
On June 1, the Central Bank of Iran announced that the inflation rate for the abovementioned 12-month period hit 30.3 percent.
 
Meanwhile, the point-to-point inflation rate hit 16.6 percent, according to the CBI report.
 
On May 28, Iranian government spokesman Mohammad-Baqer Nobakht stated that the inflation rate for the abovementioned period had hit 28.4 percent, a 2 percent decline compared to the previous month.
 
The government has no plans to increase prices of consumer goods, Nobakht said, adding that the policy of curbing the inflation rate is being pursued.
 
In March, Iranian Finance and Economic Affairs Minister Ali Tayyebnia said the country’s inflation rate would fall below 15 percent in Iranian calendar year 1393 (March 2014-March 2015). 

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