TEHRAN- Statistical Center of Iran announced that the inflation rate for the 12-month period ended in the last day of the fifth Iranian calendar month Mordad (August 22) compared to the period ended in the last day of the fourth month Tir (July 22) rose 0.1 percent.

The center put the inflation rate at 7.7 percent in the 12-month period ended in Mordad while the figure was 7.6 percent for Tir, IRIB reported.

Point-to-point inflation rate stood at 8.1 percent in Mordad, falling 0.8 percent from 8.9 percent in Tir, the Statistical Center added.

The center has put the country’s inflation rate at 9.8 percent in the past Iranian calendar year 1395 (ended on March 20), showing 4.5 percent drop from its preceding year.

It is while the Central Bank of Iran (CBI) has put the country’s inflation rate at nine percent during the past calendar year.

Iran, accordingly, could manage to experience a single-digit inflation rate after 26 years in 1395.

MA/MG