Inflation rate at 11.5%: CBI

August 29, 2018

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate in the twelve-month period ended on August 22, which marks the end of the Iranian calendar month of Mordad, stood at 11.5 percent, Tasnim news agency reported.

It is while the Statistical Center of Iran has put the inflation rate in the mentioned period of time at 9.7 percent.

As CBI reported, in the urban areas, the average goods and services Consumer Price Index (CPI) stood at 133.8 in Mordad, indicating 5.5% increase compared to the previous month and 24.2% rise compared to the same month of the past year.

In Iranian calendar year 1395 (ended on March 20, 2017), Iran could manage to experience a single-digit inflation rate after 26 years.

The inflations rate stood at 9.8 percent in that year according to the Statistical Center of Iran and at nine percent according to the CBI.

But with the 10.2-percent inflation rate announced by the CBI for the last month, the country’s experiencing a double-digit inflation rate again.

MA/MA

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