CBI Data Shows Inflation Down to 8.6%

The average goods and services Consumer Price Index for urban areas in the 12 months ending November 20, which marks the end of the Iranian calendar month of Aban, increased 8.6% 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 (Mehr), which ended October 21, at 8.7%.  The overall CPI (using Iranian fiscal year to March 2012 as base year) stood at 249.5 in Aban, indicating 0.6% growth compared with the previous month. The index registered a year-on-year increase of 9.1% compared with the similar month last year.  The CBI report came after the Statistical Center of Iran put Aban inflation at 7.5%.