Iran: Summer sees highest inflation on record

Financial Tribune – Iran’s consumer price index increased from 116.2 to 134.6 or around 16% during the summer (June 22-Sept. 22).

According to data provided by the Statistical Center of Iran, the second quarter’s inflation has been the biggest quarterly inflation that the Iranian economy has seen thus far, the Persian daily Donya-e-Eqtesad reported.

The three months of summer saw month-on-month inflation rise by 4.5%, 5.2% and 5.4% respectively.