TEHRAN- The Statistical Center of Iran has announced that the inflation rate for the 12-month period ended in the last day of the fourth Iranian calendar month of Tir (July 21) compared to the same period in the previous year hit 9 percent.

Meanwhile, the center put the point-to-point inflation rate at 6.5 percent in the fourth month, increasing from 6.1 percent in its previous month, the Mehr news agency reported. 
The Central Bank of Iran (CBI) has announced that the inflation rate in the past Iranian calendar year of 1394, which ended on March 19, 2016, compared to its previous year stood at 11.9 percent.
On February 20, Iranian Finance and Economic Affairs Minister Ali Tayyebnia said that the country’s budget plan for the Iranian calendar year of 1395(which began on March 20) has envisaged an inflation rate of 11.3 percent. 
The CBI, which had declared that it aimed to lower inflation to single digits by 2017, announced on late June that the inflation rate for the 12-month period ended in the last day of the third Iranian calendar month of Khordad (June 20) compared to the same period in the previous year hit 9.7 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