Economy, Domestic Economy

Inflation 8.9%

Inflation 8.9%Inflation 8.9%

The goods and services Consumer Price Index for urban areas in the 12 months ending August 21, which marks the end of the Iranian month of Mordad, increased 8.9% compared with last year’s corresponding period, according to the Central Bank of Iran.

The CBI put the inflation rate for the preceding month of Tir, which ended July 21, at 9.2%. The overall CPI (using 2011 as the base year) stood at 245.5 in Mordad, indicating a 1.1% growth compared with the previous month.

The index registered a year-on-year increase of 9.4% compared to the similar month last year. Earlier, the Statistical Center of Iran put the inflation rate for Mordad at 8.7%.