Monthly inflation rate stands at 10%

TEHRAN, Aug. 27 (MNA) – Central Bank of Iran (CBI) has officially announced that the country’s inflation rate reached 10 per cent in the 12-month period leading to the previous Iranian calendar month (ended August 22).

According to CBI, the inflation index increased by 8.6 percent in the previous Iranian month (July 23-August 22) as compared to the corresponding period last year.

The index for prices of goods and services consumed in urban areas in Iran reached 107.7 last month, which was 0.2% higher than the earlier month.

Meanwhile, Deputy Head of Statistical Centre of Iran Hosseinzadeh said on Saturday that “last month, Inflation stood at 7.7% for urban areas, 8.8% for rural areas with that National Inflation Index being 7.9 per cent.”

National Inflation Index has recently been set by the Statistical Center of Iran as a national indicator for inflation.

The deputy director of the Statistics Center yesterday announced the design of the National Inflation Index saying “the index would replace rural and urban inflation rates, which were previously announced individually and separately.”

Hosseinzadeh said, for the first time ever, the index of prices of goods and services for the whole country will be announced as a combination of urban and rural inflation indicators. Accordingly, the Statistical Center of Iran will announce a variety of statistics whose level of generalization go across the city and village throughout the country.


News Code 127291


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