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                                        Volume. 12040

Iran’s inflation rate down 2.2% in month: report
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c_330_235_16777215_0___images_stories_edim_04_ma2(19).jpgTEHRAN - The Statistical Center of Iran has announced that the inflation rate for the 12-month period that ended on the last day of the Iranian calendar month of Khordad (June 21) was 26.2 percent, a 2.2 percent decrease compared to the previous month. 
 
The center put the point-to-point inflation rate at 14.7 percent, compared to last month’s 17.2 percent, the Mehr News Agency reported. 
 
On May 28, Iranian government spokesman Mohammad-Baqer Nobakht said the government has no plans to increase the price of consumer goods, 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 would fall below 15 percent in Iranian calendar year 1393 (March 2014-March 2015). 
 
“If we succeed in continuing the current trend [of economic progress], the inflation rate will certainly drop below 15 percent,” he added.
 
In November 2013, Iranian President Hassan Rouhani said his government plans to decrease the inflation rate to below 25 percent by the end of the current Iranian calendar year.
 
“First, the administration plans to curb the inflation rate and reform the banking system, and then change the method of (cash) subsidy payments,” he added.
 
MA/HG

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