The Central Bank of Iran has put the inflation rate for the 12-month period ended the third Iranian calendar month of Khordad (May 22-June 21) at 15.6 percent.

The consumer price index (CPI) in Iran’s urban areas was 225.5 in the month of Khordad, a 1.7 percent decrease compared with the preceding calendar month.

The CPI measures changes in the price level of a market basket of consumer goods and services purchased by households. It is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically.

Meanwhile, the Statistical Center of Iran on Wednesday put the inflation rate at 14.2 percent.

In July 2014, Finance and Economic Affairs Minister Ali Tayyebnia said the Iranian government will implement anti-recession programs until a single-digit inflation rate is achieved. 

The administration has prepared a comprehensive plan to combat high inflation and bring the national economy out of recession, Tayyebnia added