Central Bank puts Iran inflation at 10%

Financial Tribune- The average goods and services Consumer Price Index for urban areas in the 12 months ending Jan. 20, which marks the end of the Iranian month of Dey, increased by 10% compared with last year’s corresponding period, the latest report released by the Central Bank of Iran announced.

CBI had put the inflation rate for the preceding month of Azar that ended on December 21 at 10%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 112.4 in Dey, indicating a 0.4% increase compared with the previous month.

The index registered a year-on-year increase of 9.7% compared with the similar month of last year. The CBI report came after the Statistical Center of Iran put Dey inflation at 8.2%.