TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the eleventh Iranian calendar month Bahman (February 19) compared to the same period in the previous year hit 9.9 percent.

It is while the Statistical Center of Iran had previously put the inflation rate for the 12-month period at 8.3 percent.

As CBI announced, commodities group and services group experienced 1.2 percent and 0.6 percent inflation rise, respectively, in Bahman, IRNA reported on Saturday.

The statistical center has put the country’s inflation rate at 9.8 percent in the past Iranian calendar year 1395 (ended on March 20, 2017), showing 4.5 percent drop from its preceding year.

It is while the CBI has put Iran’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