TEHRAN (Press TV) -- The Central Bank of Iran (CBI) says the annual rate of inflation on a point-to-point basis has slipped down to 14 percent form 29.5.

“The point-to-point inflation which had reached 29.5 percent last September has now (in July) dropped to 13.9 or 14 percent,” CBI Governor Mahmoud Bahmani said on Thursday.
This is while CBI declared in early July that the inflation rate in the country over the twelve months ending May 22 had dropped to 22.5 percent.
The statement by the bank was based on a review of prices of 359 goods and services in Iran's urban areas.
The review showed a 1.8 percent increase in the prices for May over the previous month.
Bahmani also said that a 15 percent plunge in the rate of inflation is a record for Iran in comparison to other countries.
He went on to say the decline had come after the CBI took measures to organize monetary and credit institutes. Bahmani did not explain the nature of the adopted measures by the CBI.
This comes as President Mahmoud Ahmadinejad's economic policy is one of the areas where he came under heavy criticism by his three former rival candidates in the June presidential debates.
While the Iranian president cited the country's inflation rate for the month of May to stand at 12 percent, his rivals accused him of 'distortion of facts' claiming that the inflation rate stood at 25 percent.
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Central Bank of Iran Governor Mahmoud Bahmani on Thursday said the annual rate of inflation on a point-to-point basis slipped down to 14 percent form 29.5.