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Is Iran’s Inflation Heading Back up?

Is Iran’s Inflation Heading Back up?
Is Iran’s Inflation Heading Back up?

The latest data from the Statistical Center of Iran for inflation show prices rose faster last month (the Iranian month of Dey ending on Jan. 20) compared to the month before. At that time, inflation was on its way down from its peak of 59% annual average rate in September to 22% in November.
Last month, it was back up to 32%. This is potentially bad news for the government of President Ebrahim Raisi, which is keen to show that his government can control inflation and dispel endless rumors that Iran’s economy is on the brink, reads an article published by economist Djavad Salehi Isfahani on his weblog. The article follows:  
Curiously, the news of inflation moving back up can be good or bad economic news. We won’t know until the data on output and employment for the fall quarter become available. Is it too much money chasing too few goods, as the common economic refrain in Iran is these days, or is it a sign that demand (domestic and external) is steady and can sustain the economic recovery of the recent six quarters into the future?

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