Inflation rate stands at 9.9% in Iran: CBI

September 28, 2017

THRAN- The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the sixth Iranian calendar month of Shahrivar (September 22) compared to the same period in the previous year hit 9.9 percent, Tasnim news agency reported on Wednesday.

It is while the Statistical Center of Iran had previously put the inflation rate for the 12-month period at eight percent.

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 has 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

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