Business And Markets

CBI: Inflation Expectations Declining

CBI: Inflation Expectations Declining
CBI: Inflation Expectations Declining

The Central Bank of Iran says inflation expectations continued to decline in the previous fiscal month ending Jan. 19, as indicated by stability in various financial markets. 
In a performance report published on its website, CBI enumerated various anti-inflationary measures in the month under review.  
Taking stock of the slowing pace of inflation in the month in light of declining trends at various markets, CBI said "if the current trend were to continue, the monthly inflation will decline further in the coming months, which by extension, has a deferred impact on average annual inflation". 
This can help realize the inflation target of ±22% set by CBI for the first quarter of the next fiscal year (March 20-June 21, 2021).  


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