TEHRAN- The Iranian Management and Planning Organization’s Director Mohammad Baqer Nobakht has announced that the inflation rate for the 12-month period ended the second Iranian calendar month of Ordibehesht (April 21-May 21) hit 14.3 percent, falling from 14.5 percent in the previous month. 

 
He put the point-to-point inflation at 13.7 percent in Ordibehesht, showing 0.3 percent drop from the same month in the previous year, according to the Islamic Republic of Iran Broadcasting (IRIB).

In July 2014, Finance and Economic Affairs Minister Ali Tayyebnia said the Iranian government will implement anti-recession programs until a single-digit inflation rate is achieved. 

The administration has prepared a comprehensive plan to combat high inflation and bring the national economy out of recession, the IRNA news agency quoted Tayyebnia as saying.

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