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 seventh Iranian calendar month of Mehr (October 21) compared to the same period in the previous year hit 8.7 percent, IRIB news reported on Wednesday.

This is while the Statistical Center of Iran had put the figure at 7.9 percent.
The 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.
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