Point-to-point inflation rate stands at 46.2%

January 23, 2021 - 11:40

TEHRAN- The Statistical Center of Iran (SCI) has put the country’s point-to-point inflation rate at 46.2 percent in the tenth Iranian calendar month of Dey (December 21, 2020-January 19, 2021).

It means that the families have paid an average of 46.2 percent more for purchasing the same package of commodities and services in the tenth month of this year, compared to the same month of the previous year.

According to the SCI, the inflation rate in the twelve-month period ended on January 19, which marks the end of the tenth month, stood at 32.2 percent, rising 1.7 percent from the figure for the twelve-month period ended on the last day of the ninth month.

Central Bank of Iran (CBI) in a statement last April had announced that the annual inflation rate for the current Iranian calendar year (ends on March 20) 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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