CBI’s Inflation Control Policy Withers

The Central Bank of Iran says inability of meeting the inflation target it announced earlier is likely but the CBI is doing all it can to achieve the goal, the vice governor for economic affairs said. 
"The inflation target was set based on key price indices, which may not be realized due to developments beyond CBI’s control,"Payman Qorbani was quoted as saying by the CBI public relations office.    
In May, CBI Governor Abdolnasser Hemmati announced that the regulator was implementing a policy to “target inflation” and had set the inflation target at ± 22% for the year ending next May.