TEHRAN - The Central Bank of Iran (CBI) has announced that the inflation rate for the 12-month period ended in the last day of the third Iranian calendar month of Khordad (June 21) compared to the same period in the previous year hit 10.2 percent, IRIB news reported.

The Statistical Center of Iran previously put the country’s inflation rate at 7.4 percent in the urban areas and 8.5 percent in the rural areas for the 12-month period ended in Khordad, Tasnim news agency reported.

The center has put the country’s inflation rate at 9.8 percent in the past Iranian calendar year 1395 (ended on March 20), showing 4.5 percent drop from its preceding year.

It is while the CBI had previously put the country’s inflation rate at nine percent during the past calendar year.

Iran, accordingly, could manage to experience a single-digit inflation rate after 26 years in 1395.

Curbing inflation was one of the major promises by Iranian President Hassan Rouhani during his presidential campaign. Under the previous administration, inflation skyrocketed to cross 44%. 

MA/MG