The goods and services Consumer Price Index for urban areas in the 12 months ending July 21, which marks the end of the Iranian month of Tir, increased 9.2% 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 (Khordad), which ended June 20, at 9.7%. The overall CPI (using 2011 as the base year) stood at 242.8 in Tir, indicating a 0.8% increase compared with the previous month. The index registered a year-on-year increase of 8.1% compared with the similar month of last year. Earlier, the Statistical Center of Iran put the inflation rate for Tir at 9%.
