TEHRAN - The Central Bank of Iran (CBI) has announced that the inflation rate for the 12-month period ended in the last day of the eleventh Iranian calendar month of Bahman (February 18) compared to the same period in the previous year hit 8.7 percent, Tasnim news agency reported.

The CBI had put the inflation rate for the 12-month period ended in the last day of the tenth calendar month of Dey (January 19) at 8.6 percent compared to the same period in the past year.

Meanwhile, the CBI put the point-to-point inflation rate at 7.1 percent in Bahman.

The central bank of country has announced that the inflation rate in the past Iranian calendar year, which ended on March 19, 2016, stood at 11.9 percent.

Curbing inflation was one of the major promises by Iranian President Hassan Rouhani during his presidential campaign. Under the previous administration, inflation skyrocketed to cross 44%. 

MA/MG