-

 
logo
                                        Volume. 12117

Iran’s inflation rate hits 21.5 percent
PDF Print E-mail
Font Size Larger Font Smaller Font
The Central Bank of Iran announced on Sunday that inflation rate stood at 21.5 percent in the last month of the past calendar year (ended on March 19), IRNA news agency reported. 
 
This is while an official with the Central Bank of Iran said on March 4 that Iran's inflation rate will not exceed 21 percent during the remainder of this calendar year.
 
Abolfazl Akrami told Fars news agency that the inflation rate is currently declining.
 
The Subsidy Reform Plan has reduced Iran’s unemployment rate and helped maintain its economic growth this year despite speculation by some analysts of a surge in inflation, finance and economic affairs minister Shamseddin Hosseini said on February 17.
 
The plan, launched in December 2010, allows the Iranian government to gradually slash subsidies on fuel, electricity, and certain goods over the course of five years, with low-income families being compensated with direct cash handouts.

rssfeed socializeit
Socialize this
Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader
Twitter Facebook Myspace Stumbleupon Digg Technorati aol blogger google reddit