Iran CB Governor's Views About Chronic Inflation

One year after the Central Bank of Iran for the first time set a target for inflation, the bank governor Abdolnasser Hemmati late Sunday tried to explain why the target was a failure.
In May 2020 Hemmati had said that the regulator was implementing a policy to “target inflation” and had set it at 22% ± 2 for the year ending March 2021.
Data released by the Statistical Center of Iran indicates that the CBI fell short of the target. The SCI reported that the Consumer Price Index in the year ending April 20 increased by 38.9% compared to the corresponding period the year before.