Point-to-point inflation rate stands at 41.2% in Tehran Province

October 30, 2020 - 13:13

TEHRAN- Point-to-point inflation rate stood at 41.2 percent in Tehran Province during the seventh Irian calendar month (September 22-October 21), according to the data released by the province’s Management and Planning Organization.

It means that the families in Tehran Province have paid an average of 41.2 percent more for purchasing the same package of commodities and services in the seventh month of this year, compared to the same month of the previous year.

The point-to-point inflation rate stood at 41.4 percent in the country during the seventh month.

As announced by the Statistical Center of Iran (SCI), the inflation rate in the twelve-month period ended on October 21, which marks the end of the seventh Iranian calendar month, stood at 27.2 percent in the country.

The inflation rate has risen 1.2 percent in the mentioned time span from the twelve-month period ended in the last day of the sixth month.

The SCI put the inflation rate at 41.3 percent in the urban areas and at 42.2 percent in the rural regions during the mentioned time span, and announced that the figure shows a 6.8-percent rise in the urban areas and an 8.1-percent growth in the rural regions.

Central Bank of Iran (CBI) in a statement in April announced that the annual inflation rate for the current Iranian calendar year (ends on March 20, 2021) is set to be 22 percent.

The statement published on the website of the CBI read, “Given the adopted policies and taken measures and also taking the country’s macro-economic factors into account, the CBI believes that based on the realistic scenarios, the inflation rate in the current year will continue its downward trend.”

Last year, CBI Governor Abdolnaser Hemmati had said, “Our goal is curbing inflation rate and no estimation shows an inflation rate of over 20 percent for the next year”.

MA/MA

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