Iran News ...


Iran inflation rate at 25.4% in March

Press TV - Iran's annual inflation rate stood at 25.4 percent in the twelve months ending March, the Central Bank of Iran (CBI) has announced.

The year-on-year inflation rate declined by 0.5 percentage point to 25.4 percent in the Iranian calendar month of Isfand, which ended March 20, although consumer prices increased by 0.4 point from the previous month.

CBI figures measured Iran's annual inflation rate at 29.5, 26.4, 24 and 20.8 percent for the twelve months that ended in November, December, January and February, respectively.

Iran's official inflation rate hit a record high of 29.5 percent in October.

CBI has recently announced plans to reduce the country's inflation rate to 15 percent during the first half of the current Iranian calendar year.

Critics have accused the government of President Mahmoud Ahmadinejad of fueling price spikes by spending oil revenues when oil prices were soaring between 2002 and 2008.

Economists believe the falling price of oil, which has dropped from $147 a barrel in July to about $50, could lead to a considerable budget deficit in Iran and increase inflation to as much as 40 percent.

... Payvand News - 04/09/09 ... --

comments powered by Disqus

Home | ArchiveContact | About |  Web Sites | Bookstore | Persian Calendar | twitter | facebook | RSS Feed

© Copyright 2009 NetNative (All Rights Reserved)