Consumer inflation at 34.8%

Financial Tribune – T he average goods and services Consumer Price Index in the 12-month period ending March 19, which marks the last day of the fiscal 2019-20, increased by 34.8% compared with the corresponding period of the year before, latest data released by the Statistical Center of Iran show.

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Feb. 19, 2020, at 37%.

The consumer inflation for the month under review (Feb. 20-March 19, 2020) registered a year-on-year increase of 22% compared with the similar month of the previous Iranian year.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 200.5 last month, indicating a 1.5% rise compared with the month before.