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 fifth Iranian calendar month Mordad (August 22) compared to the same period in the previous year hit 10 percent, IRNA reported on Sunday.

The Statistical Center of Iran has previously put the country’s inflation rate at 7.7 percent for the 12-month period ended in Mordad.

The center has put the country’s inflation rate at 9.8 percent in the past Iranian calendar year 1395 (ended on March 20), showing 4.5 percent drop from its preceding year.

It is while the CBI has 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.

MA/MG