Iran inflation rate falls by 9.8%

A view of the Central Bank of Iran (file photo)

Iran’s inflation rate has decreased by 9.8 percent since the administration of President Hassan Rouhani took office in August 2013.

According to the Central Bank of Iran (CBI), the inflation rate reached 30.3 percent in May 2014, showing a sharp decrease compared with the 40.1-percent figure in September 2013.

The CBI noted that the fall in inflation rate started in November 2013, two months after Rouhani warned that the Iranian economy was in the state of stagflation, a situation where the inflation rate is high and the economic growth rate slows down.

The Rouhani administration has envisaged a 25-percent inflation rate for the current Persian calendar year (ending March 2015).

Analysts believe that a rise in production of goods and services has attracted liquidity to these sectors and led to the new fall in inflation rate.

By Press TV

 

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