44349
Central Bank Puts CPI Growth at 9.7%
Economy, Business And Markets

Central Bank Puts CPI Growth at 9.7%

The goods and services Consumer Price Index for urban areas in the 12 months ending June 20, which marks the end of the Iranian month of Khordad, increased 9.7% compared with last year’s corresponding period, according to the latest report released by the Central Bank of Iran.
The CBI put the inflation rate for the preceding month of Ordibehesht, which ended May 20, at 10.4%.
The overall CPI (using 2011 as the base year) stood at 240.9 in Khordad, indicating a 1.2% rise compared with the previous month.
The index registered a year-on-year increase of 6.8% compared with the similar month of last year.
Earlier, the Statistical Center of Iran put the inflation rate for Khordad at 9.5%.
This is the first time in about 25 years the inflation is below 10%. Reducing inflation has topped the agenda of the government of President Hassan Rouhani whose efforts are paying off. The president now has a second feather to sport on his hat—the first was the historic deal reached with world powers over Tehran’s nuclear program.

 

Short URL : http://goo.gl/B531lJ
  1. http://goo.gl/M4azBJ
  • http://goo.gl/GcwlkB
  • http://goo.gl/p3rMv1
  • http://goo.gl/4q0KJX
  • http://goo.gl/ZiZkAP

You can also read ...

Experts believe the import ban would lead to a further rise in smuggling and market disruption.
The government has banned the import of 1,339 commodities...
CBI, Capital Market Agree to Control  Gold Coin Bull Run
As gold coin prices are skyrocketing, the Central Bank of Iran...
$1.5b in Tax Evasion Identified From Bank Accounts
About 63 trillion rials ($1.49 billion) worth of unpaid tax...
Mohammad Javad Zarif (4th L) addressed representatives of Iran Chamber of Commerce, Industries, Mines and Agriculture on June 24. (Photo: Bahareh Taghiabadi )
Foreign Minister Mohammad Javad Zarif assured the business...
Top US Court Restricts Police on Cellphone Location Data
The US Supreme Court on Friday imposed limits on the ability...
Iran Explores Int’l Space Collaborations at UN Meeting
Officials with Iran Space Agency participated in the two-day...
Xiaomi’s Hong Kong IPO
Xiaomi, one of the world’s leading smartphone makers, is...
Steel Exports Rise Over 28%
Iranian steelmakers exported 1.62 million tons of their...

Trending

Googleplus