TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on July 22, which marks the end of the Iranian calendar month of Tir, stood at 8.7 percent, up 0.5 percent from its previous month, IRIB reported on Tuesday.

As reported, inflation rate stood at 8.8 percent and 8.2 percent in the urban and rural areas of the country, respectively, during the mentioned time span.

In the urban areas, the average goods and services Consumer Price Index (CPI) stood at 121.4 in Tir, indicating 4.6% increase compared to the previous month and 14% rise compared to the same month of the past year.

And in the rural areas, the CPI stood at 120.9 in Tir, with 3.2 percent rise compared to the past month and 12.7 percent increase compared to the same month of the previous year.

All sectors of the Iranian economy registered positive growth in 2017, during which 650,000 jobs were created and the country attained a single-digit inflation rate after a quarter of century.

MA/MA