Iran’s monthly consumer inflation declines to 18-month low

Financial Tribune – The monthly goods and services Consumer Price Index growth fell to an 18-month low in the sixth month of the Iranian year (ended Sept. 22), latest data released by the Statistical Center of Iran show.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 181.7 last month, indicating a 0.5% rise compared with the month before.

Consumer inflation registered a year-on-year increase of 35% in the Iranian month ending Sept. 22 compared with the corresponding month of last year, SCI said.

The average goods and services Consumer Price Index in the 12-month period ending Sept. 22 increased by 42.7% compared with last year’s corresponding period. SCI had put the annual inflation rate for the preceding Iranian month, which ended on Aug. 22 at 42.2%.