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Inflation for Fiscal 2019-20 Estimated at 35%

Inflation for Fiscal 2019-20 Estimated at 35%Inflation for Fiscal 2019-20 Estimated at 35%

Majlis Research Center, the research arm of the Iranian Parliament, estimates the inflation rate for the fiscal year to March 19 will stand at 35%.
If the current conditions prevail, the inflation rate is expected to stick around 20-25% in the next fiscal year (March 2020-21). However, the report added that financing the government’s budget deficit by printing money would lead to higher inflation rates next year, Mehr News Agency reported.
Latest data released by the Statistical Center of Iran shows the average annual inflation continued the downward trend it started as of the 9th Iranian calendar month (Nov. 22-Dec. 21).

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