Iran News ...


04/15/15

Iran's annual inflation rate hits 14.8%: Official

Source: Tehran Times

TEHRAN - The inflation rate for the past Iranian calendar year (which ended on March 20) hit 14.8 percent, the Tasnim News Agency quoted Iran's Government Spokesman Mohammad Baqer Nobakht, as saying on Tuesday.


High prices and a street vendor
cartoon by Mohammad Tahani, Arman daily

In July 2014, Finance and Economic Affairs Minister Ali Tayyebnia said the Iranian government will implement anti-recession programs until a single-digit inflation rate is achieved.

The administration has prepared a comprehensive plan to combat high inflation and bring the national economy out of recession, the IRNA news agency quoted Tayyebnia as saying.

In March 2014, Tayyebnia said that the country's inflation rate would fall below 15 percent in Iranian calendar year 1393 (March 2014-March 2015).

 

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