The prices for the month of February rose at 23 percent over the
same month a year ago, the Central Bank of Iran reported today.
The so-called point-to-point inflation rate was at a two-year low,
in line with Rouhani administration’s plan to cut the inflation rate during the
new Iranian calendar year to under 25 percent (as opposed to 45 percent during
the last year of Ahmadinejad’s presidency).
“There’s some degree of optimism in Iran,” said Sam Wilkin, an
analyst at Dubai-based Control Risks Group. “Still, people are hesitant,
and they’re not fully confident the recent (nuclear) deal will lead to more
comprehensive opening.” (The Daily Star, 31 March)
when a monthly inflation rate is something to celebrate at 23%, you know that the situation is completely ucked-fup
ReplyDeleteas usual the many peole are not able to read and understand a short article
Deletethat is not monthly inflation , that is yearly from Feb 2013 - Feb 2014
"The prices for the month of February rose at 23 percent over the same month a year ago"
The 23% is a so-called point-to-point inflation rate, here showing the percentage that the prices rose this February as compared to February of last year. It's a good indication of the trends, where the inflation is headed. If the point-to-point rate in January and December, for example, were higher than 23%, which they were, it shows a downward trend in inflation, and could have some predictive quality for future months. Hence I said that the February rate could be an indication that Rouhani administration's projection for an annual 25% rate in the new Iranian calendar year (that began last week) could be a correct estimate.
DeleteThe annual inflation rate is the average rise in prices, expressed in percentages, during all previous twelve months. The latest CBI report on annual inflation rate was 35%. This is the rate that Rouhani wants to see drop to 25% within the next 12 months.
still is Iran inflation World-Champion.
ReplyDeleteThey never learned to control the prices
As long as these towel heads rule there will never be "optimism in Iran".
ReplyDelete