The Central Bank of Iran (CBI) today reported that the inflation rate in the country is on the rise. In the Iranian calendar month of Khordad (which ended 20 June), the inflation grew to 15.4 percent. In the first quarter of the current Iranian calendar year, the rate of inflation has increased by at least 1% each month, CBI reports [Kayhan, 21 July].
Thursday, July 21, 2011
Inflation Rising
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2 comments:
I presume the inflation rate for the month of Khordad "published" in Keyhan must have come from the CBI; surprisingly, the CBI website that I checked today ( http://www.cbi.ir/category/1611.aspx ) does not have any number for Khordad. Perhaps this latest number has been announced in a press release. The latest reported number is for March 2011 (19.7 %, from March 2010). I also presume the reported rate of 15.4% is an annualized rate and not just for Khordad. If not, the annualized rate will be 3-digits ! Azar...
Azar,
Kayhan carried a short report on its economic page today:
http://www.kayhannews.ir/900430/4.htm#other413 (pls go to the very end of the page)
The rate quoted is attributed to CBI through the director of targeted subsidies organization. He is also quoting CBI that in Farvardin the rate was 13.2% and in Ordibehesht stood at 14.2%. These must be annualized rate of course.
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