Economy, Domestic Economy

Gov’t Spokesman: Inflation at 7.6%

Gov’t Spokesman: Inflation at 7.6%Gov’t Spokesman: Inflation at 7.6%

The goods and services Consumer Price Index for urban areas increased by 7.6% in the 12-month period ending July 22, which marks the end of the fourth Iranian month, compared with last year’s corresponding period, government spokesman, Mohammed Baqer Nobakht, announced in a press conference on Tuesday.

The Statistical Center of Iran, the official body in charge of releasing periodic macroeconomic stats in Iran, put the preceding month’s inflation rate at 7.4%.

The overall consumer price index shows a year-on-year increase of 8.9% compared with last year’s similar month, ISNA quoted the spokesman as saying.

Nobakht also serves as the head of Planning and Budget Organization, of which the SCI is a subsidiary.

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