Economy, Domestic Economy

CBI: Inflation at 14.8%

CBI: Inflation  at 14.8%CBI: Inflation  at 14.8%

The goods and services Consumer Price Index for urban areas increased 14.8% in the 12-month period ending October 22, which marks the end of the Iranian month of Mehr, compared to the same period of last year, according to the latest report by the Central Bank of Iran. The CBI had reported a 15.1% inflation for the preceding month of Shahrivar (ended September 22). The overall CPI (using 2011 as the base year) stood at 227 in Mehr, indicating a 0.6% growth compared with the previous month. A year-on-year increase of 10.8% was registered in the index compared with the similar month of last year. Earlier, the Statistical Center of Iran put the inflation rate for Mehr at 13.3%.