Inflation rate drops 0.9%

November 23, 2019 - 17:50

TEHRAN- The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on November 22, which marks the end of the eight Iranian calendar month of Aban, stood at 41.1 percent.

The SCI said that the inflation rate has fallen 0.9 percent from the past month, IRNA reported on Saturday.

The center put the point-to-point inflation rate at 27 percent in Aban, down 1.3 percent from its previous month.

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

The inflation rate stood at 9.8 percent in that year according to the Statistical Center of Iran and at nine percent according to the Central Bank of Iran (CBI).

But since the last year’s calendar month of Khordad (ended on June 22, 2018), when the inflation rate stood at 10.2 percent, as announced by the CBI, the country’s experiencing double-digit inflation rates again.