48233
Urban Inflation at 8.7%
Economy, Domestic Economy

Urban Inflation at 8.7%

The goods and services Consumer Price Index for urban areas increased 8.7% in the 12-month period ending August 21, which marks the end of the Iranian month of Mordad, compared with last year’s corresponding period, according to the Statistical Center of Iran’s latest report. The SCI put the preceding month’s inflation at 9%. The overall consumer price index (using 2011 as the base year) stood at 231 in Mordad, indicating a 1.4% increase compared to the previous month and a year-on-year increase of 7.4% compared with last year’s similar month. Reducing inflation has been a primary goal of the government of President Hassan Rouhani whose efforts are gradually paying off. Inflation fell below 10% for the rolling year ending June 20 for the first time in a quarter century. The last time was in 1990, when Iran was emerging from the carnage of the 1980-88 Iraq-imposed war.

Short URL : http://goo.gl/pB6rMj
  1. http://goo.gl/GYPaI1
  • http://goo.gl/WBOjiw
  • http://goo.gl/GV9rMx
  • http://goo.gl/3EfKbc
  • http://goo.gl/OXMQOG

You can also read ...

Twenty-three million tons of garbage are annually produced in Iran and per capita production of municipal solid waste stands at 292 kilograms.
Recycling is a strategic industry, as it generates...
Economic MoU With Russian Council
The Industrial Development and Renovation Organization of Iran...
Qualcomm is already working on 5G trial networks across the globe.
The first mass-market 5G smartphones will become commercially...
Iran Trade Mission Heads for Croatia
An Iranian delegation comprising 30 members of Iran Chamber of...
Gov’t Sole Guarantor of Foreign Finance Deals
Following misleading reports in the media, the Central Bank of...
On-Demand Laundry App Launched
A local startup dubbed ‘Paklean’ has launched a new service...
Solutions for Banking Reforms
The Institute for Trade Studies and Research, affiliated with...
Famous developers will speak at the conference.
The second Iran iOS Developers Conference will be held in...

Trending

Googleplus