August 26, 2018 18:43

Inflation Galloping Ahead

The monthly CPI increase of 5.2% for the Iranian month ending Aug. 22 compared with the previous month was unprecedented over the past decade

The monthly inflation rate registered for rural households has overtaken that of urban households

Newly released Statistical Center of Iran’s figures show the Consumer Price Index registered a remarkable growth in the Iranian month of Mordad (July 22-Aug. 22).
The monthly increase of 5.2% is unprecedented over the past decade while the fluctuations of prices pushed the year-on-year CPI growth to the alarming level of close to 20%, experienced in the fiscal 2012-13 and 2013-14.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 127.7 for the month under review, indicating a 5.2% rise compared with the previous month.
The index registered a year-on-year increase of 19.3% compared with the similar month of last year.

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Rate of Inflation in Iran