CBI: Inflation at 9.5%

The average goods and services Consumer Price Index for urban areas in the 12 months ending April 20, which marks the end of the first Iranian month of Farvardin, increased by 9.5% compared with last year’s corresponding period, the latest report released by the Central Bank of Iran announced.  CBI had put the inflation rate for the preceding month of Esfand, which ended March 20, at 9%. The overall CPI (using the Iranian year to March 2012 as the base year) stood at 265.6 in Farvardin, indicating a 1.1% growth compared with the previous month. The index registered a year-on-year increase of 12.6% compared with the similar month of last year.  The CBI report came after the Statistical Center of Iran put Farvardin inflation at 6.9%.