Statistical Center of Iran: Urban Inflation at 6.9%

The average goods and services Consumer Price Index for urban areas increased 6.9% in the 12-month period ending January 19, which marks the end of the Iranian month of Dey, 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 rate at 7.2%. The overall consumer price index (using 2011 as the base year) stood at 237.4 in Dey, indicating a 0.8% increase compared with the previous month and a year-on-year increase of 6.3% compared with last year’s similar month.

The central bank is officially in charge of releasing figures on economic indicators including inflation, but in recent years the SCI has started releasing the reports based on its own research, which in many cases contradict CBI’s reports.

The Rouhani administration in the past year managed to considerably reduce the rate of inflation, which had exceeded 40% before he takes the office.