Inflation keeps falling

The goods and services Consumer Price Index for urban areas increased 13.3% in the 12-month period ending October 22, which marks the end of the Iranian month of Mehr, compared to the similar period of last year, according to the latest report by the Statistical Center of Iran.

The SCI put the preceding month’s inflation rate at 13.6%. A year-on-year increase of 10.9% was registered in the index compared with the similar month of last year. The overall CPI (using 2011 as the base year) stood at 218.5 in Mehr, indicating a 0.8% growth compared with the previous month, the SCI reported.

By Financial Tribune