Up Over 5% in One Month
Central Bank of Iran (CBI) Governor Valiollah Seif has announced that the
inflation rate for the 12-month period ending in Iranian calendar month of
Mordad (August 22, 2013) hit 39 percent. (Mehr News Agency/Payvand, 7
September)
The new inflation rate released by the CBI
represents a 5% rise in only one month [The central bank’s figure for the
12-month period ending Tir (July 21, 2013) was at 33.9 percent.] Saif also said
that the CBI will attempt to regulate tighter liquidity while at the same time
trying to get country out of recession.
Iran’s
current economic situation where high inflation, low economic growth rate, and
high employment coexist is often referred to as stagflation; a condition that
raises a dilemma for the CBI since actions designed to lower inflation may
exacerbate unemployment, and vice versa.
Photo
credit: Central Bank of Iran (CBI) Governor Valiollah Seif (Younes Khani/Mehr News Agency via Payvand)
3 comments:
This is why we need more sanctions. Iran is getting desperate
You mean the Islamic terrorist regime is getting desperate.
present sanctions might suffice as the point of sanctions isn't to destroy Iran, but to compel the regime to bend.
if the next 60 days doesn't show any change in the Iranian governments position, then additional sanctions might be considered.... or it may have to be considered that economic sanctions won't suffice.
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