Declining Trend
Economy, Domestic Economy

Declining Trend

A single-digit inflation rate is achievable by the end of President Hassan Rouhani tenure, says the Minister of Economic Affairs and Finance Ali Tayyebnia, adding that “it is natural to see a slow-down in the declining trend of inflation rate when you start from a rate above 40%,” IRNA quoted him as saying. In its latest report the Central Bank of Iran said goods and services Consumer Price Index for urban areas increased 15.4% in the 12-month period ending August 22, which marks the end of the fifth month of the Iranian year Mordad, compared to the same period last year.

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