Domestic Economy

Inflation at 44%: SCI

Inflation at 44%: SCI
Inflation at 44%: SCI

The average annualized inflation in the eighth month of the current Iranian year (Oct. 23-Nov. 21) stood at 44%, the Statistical Center of Iran announced in a new report released on Tuesday.
This is the sixth consecutive month the annualized inflation is rising after the government put into effect what it touted as “economic surgery” by abolishing the heavily subsidized import of essential goods.
The general goods and services Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 552.4 in the month under review, indicating a month-on-month rise of 2.1% and a year-on-year rise of 48.1%.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment