Iran’s CB reviews inflationary trend over three decades

Financial Tribune – The increase in consumer prices hit a 24-year high of 41.2% in the last fiscal year that ended on March 19, 2020.

The Central Bank of Iran’s review of inflation rates through three decades since the fiscal 1990-91 shows the lowest annual inflation rate during the period was recorded in the fiscal 2016-17 with 9% and the highest was posted in the fiscal 1995-96 with 49.4%.

Over 26 years ending in the fiscal 2015-16, the annual inflation rate remained in the double-digit territory, IRNA reported.

During the first administration of President Hassan Rouhani, the consumer inflation fell below 10% for two consecutive years: 9% in 2016-17 and 9.6% in 2017-18.