TEHRAN- The Statistical Center of Iran announced that the inflation rate in the urban areas for the 12-month period ended in Farvardin, the first month of the current Iranian calendar year (March 21-April 20), hit 6.9 percent, Mehr news agency reported.

The center also put the point-to-point inflation rate in the urban areas at 9.4 percent in Farvardin.
Inflation rate in the urban areas for the 12-month period ended in Esfand, the last month of the past Iranian calendar year (ended on March 20), was reported 6.8 percent
The Statistical Center of Iran has put the country’s inflation rate at 9.8 percent in the past Iranian calendar year 1395, showing 4.5 percent drop from its preceding year.
It is while Central Bank of Iran (CBI) had previously 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.
On June 14, 2016, Finance and Economic Affairs Minister Ali Tayyebnia said the country planned to reduce the inflation rate to a single digit by the coming two months.
The goal was achieved in the third Iranian calendar month of Khordad (ended on June 20, 2016) when the inflation rate hit 9.5 percent.

MA/MG