CBI Puts Inflation at 9.9%

The average goods and services Consumer Price Index for urban areas in the 12 months ending Nov. 21, which marks the end of the Iranian month of Aban, increased by 9.9% compared with last year’s corresponding period, the latest report released by the Central Bank of Iran showed.  CBI had put the inflation rate for the preceding month of Mehr, which ended on Oct. 22, at 9.8%. The overall CPI (using the Iranian year to March 2017 as the base year) stood at 109.8 in Aban, indicating a 1.3% increase compared with the previous month. The index registered a year-on-year increase of 9.6% compared with the similar month of last year.  The CBI report came after the Statistical Center of Iran put Aban inflation at 8.4%.