Domestic Economy

Single-Digit Inflation Expected for 2nd Consecutive Year

Single-Digit Inflation Expected for 2nd Consecutive YearSingle-Digit Inflation Expected for 2nd Consecutive Year

For the first time in almost half a century, 46 years to be precise, the Iranian economy is expected to register a single-digit inflation rate for two years in a row. 
According to the latest report by the Central Bank of Iran, the overall goods and services Consumer Price Index for urban areas (using the Iranian year to March 2017 as the base year) stood at 113.4 in the Iranian month of Bahman (Jan.21-Feb. 19, 2018), which indicates a 0.9% increase compared with the previous month. 
The Persian economic daily Donya-e-Eqtesad believes that the monthly CPI increase of less than 4.3% in the final month of the year would keep the average 12-month inflation rate below 10%. 
Statistics show that the average of monthly inflation rate registered in the first 11 months of the current Iranian year (started March 21, 2017) was 0.6%. It was 0.8% for the 11 months of last year. 


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