The increase in consumer prices hit a 24-year high of 41.2% in the last fiscal year that ended on March 19, 2020.
The Central Bank of Iran's review of inflation rates through three decades since the fiscal 1990-91 shows the lowest annual inflation rate during the period was recorded in the fiscal 2016-17 with 9% and the highest was posted in the fiscal 1995-96 with 49.4%.
Over 26 years ending in the fiscal 2015-16, the annual inflation rate remained in the double-digit territory, IRNA reported.
During the first administration of President Hassan Rouhani, the consumer inflation fell below 10% for two consecutive years: 9% in 2016-17 and 9.6% in 2017-18.
In fact, the 9% inflation in the fiscal 2016-17 was the lowest rate registered in the three decades under review.
The fiscal 2005-6 registered the 10.4% annual inflation rate, fiscal 2009-10 10.8% and fiscal 2001-2 11.4%, while the fiscal 2006-7 and 2015-16 both showed an inflation rate of 11.9%-the lowest growth in the average Consumer Price Index.
Following the 49.4% in fiscal 1995-96, the highest inflation rates were recorded for the fiscal 2019-20 with 41.2%, fiscal 1994-95 with 35.2%, fiscal 2013-14 with 34.7% and fiscal 2018-19 with 31.2%.
All the above data have been cited from the Central Bank of Iran.
The Statistical Center of Iran published its own separate reports on Iran's inflation rates, which happen to differ noticeably compared to those released by CBI.
According to SCI's latest report, the average goods and services Consumer Price Index in the 12-month period ending March 19, which marks the final day of the fiscal 2019-20 increased by 34.8% compared with the corresponding period of the year before, latest data released by SCI show.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Feb. 19, at 37%.
The consumer inflation for the month under review (Feb. 20-March 19, 2020) registered a year-on-year increase of 22%.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 200.5 last month, indicating a 1.5% rise compared with the month before.
CPI registered a year-on-year increase of 22.2% for urban areas and 21.1% for rural areas in the month under review compared with the similar month of last year.
The overall CPI reached 199.5 for urban households and 206.2 for rural households, indicating a month-on-month increase of 1.4% and 1.8% for urban and rural areas, respectively.
SCI put urban and rural 12-month inflation for the month under review at 34.4% and 37.3% respectively.
The highest monthly growth in the index among 12 groups of the basket of consumer goods and services purchased by households in the Iranian month ending March 19 was recorded for clothing and shoes with 3.1%, while the slowest inflation growth was posted for the education group with 0.1% month-on-month.
