Single-digit inflation not out of reach: Labor Minister

Iran’s Minister of Labor, Cooperatives and Welfare Ali Rabiei speaks to reporters in Tehran on January 26, 2014.

Iran’s Minister of Labor, Cooperatives and Welfare Ali Rabiei speaks to reporters in Tehran on January 26, 2014.

Sari, Mazandaran prov, Feb 26, IRNA – Minister of Cooperatives, Labor and Social Welfare Ali Rabiee said Thursday that fulfillment of single-digit inflation, which the Iranians has awaited four decades, is not out of reach by the end of President Hassan Rouhani’s Administration.

Speaking during the 10th meeting of employment working group of the northern province of Mazandaran, Rabiee said the 11th government has made great achievements under President Rouhani, one of which is success in the area of foreign policy.

Progress in the nuclear talks has been so significant that today Israel is concerned about improvement of Iran’s relations with other countries, said Rabiee.

He added the government is prepared for the post-sanctions scenarios. It can run the country either with $40 oil or $75 oil, said the minister.

Rabiee predicted that Iran will register five percent growth next year. However, he noted, the country needs eight percent growth for its economic development.

By IRNA