CBI: Iran’s industrial PI rises by over 6%

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

TEHRAN (FNA)- Iranian large industries’ production index (PI) in the first six months of the Iranian calendar year (March 21- September 22) rose by 6.6 percent in comparison with the same period last year, the Central Bank of Iran (CBI) announced.

The total production index of Iran’s industrial workshops reached 93.6 percent during the six months, showing rise comparing to similar period last year.

Production Index improved in 13 Iranian industrial groups. Motor vehicles, trailers and semi-trailers production increased the most by 69.8 percent.

The CBI has already released a report that Iran’s economic growth reached four percent in the first six months of Iranian calendar year, and jumped by 6.4 percent comparing to similar period last year.

In late November, Iranian Government Spokesman Mohammad Baqer Nobakht said that the country’s inflation rate declined by 1.3 percent in the eights month of Iranian calendar year (October 23-November 21, 2014) compared with the figures of one month earlier.

Nobakht added that Iran’s point-to-point inflation rate for the month was 13.2 percent year-on-year.

He noted that Iran’s point-to-point inflation rate for the month ending October 22 was 14.2 percent.

According to the Statistical Center of Iran, the country’s inflation rate during the month ending October 22 was 19.1 percent.

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 Fars News Agency

 

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