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08/05/12

Iran: Inflation rises to 22.9 percent

Source: Tehran Times

Iran's inflation rate hit 22.9 percent in the fourth calendar month of Tir, which ended on July 21, showing 0.5 percent rise compared to the previous month, the IRNA News Agency reported.


Iranians wait to buy chicken at low prices offered by the government (Tehran - July 2012)
Prices of food items have risen sharply in Iran in the past few months.

The central bank of Iran has reported that the inflation rate has been rising since the beginning of the year.

While the inflation rate was declining last year, it started to rise again this year; from so 21.8 percent in the first month to 22.9 percent in the fourth month.

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