Business And Markets

CBI Expects Higher Inflation

CBI Expects Higher Inflation
CBI Expects Higher Inflation

In a report on macroeconomic variables, the Central Bank of Iran said soaring foreign exchange rates could buck the declining trend of inflation in the coming months. 
Tracking inflation in the past few months, the CBI said consumer prices increased in May to July due to declining government revenue that spurred inflation expectation and rattled most markets. 
While inflation growth slowed in the past two months, the central bank predicts that steep volatility in financial markets has the potential to undermine the trend and result in a new bout of inflation. 
In a press release published on its website, the CBI said “external factors” emanating from the US economic sanctions States had the biggest negative impact on consumer prices


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