Inflation rate at 18%

December 23, 2018

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on December 21, which marks the end of the ninth Iranian calendar month of Azar, stood at 18 percent, Tasnim news agency reported on Sunday.

Inflation rate in the mentioned period shows 2.4 percent rise from the figure of the twelve-month period ended on the last day of the eighth Iranian calendar month of Aban (November 22).

As reported, the average goods and services Consumer Price Index (CPI) stood at 151 in urban areas and at 155.3 in the rural regions in Azar, indicating 2.5 percent and 3 percent increase, respectively, compared to the previous month.

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 since this year’s calendar month of Khordad (ended on June 22), when the inflation rate stood at 10.2 percent, as announced by the CBI, the country’s experiencing a double-digit inflation rate again.