Inflation downtrend continues in Iran

Financial Tribune – The overall Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 197.6 during the month under review, indicating a 1.1% rise compared with the month before and a year-on-year increase of 25%

Latest data released by the Statistical Center of Iran show the average annual inflation has continued the downtrend that started in the ninth Iranian month (Nov. 22-Dec. 21).

According to SCI’s latest report, the average goods and services Consumer Price Index in the 12-month period ending Feb. 19, which marks the final day of the 11th Iranian month increased by 37% compared with last year’s corresponding period.

SCI had put the average annual inflation rate for the preceding month, which ended on Jan. 20, at 38.6%.

The consumer inflation for the Jan. 21-Feb. 19 period registered a year-on-year increase of 25% compared with the similar month of last year.