Inflation rate stands at 7.4% in urban areas

TEHRAN TIMES - The Statistical Center of Iran announced that the inflation rate in the urban areas for the 12-month period ended in Khordad, the third month of the current Iranian calendar year (May 22-June 21), hit 7.4 percent, Tasnim news agency reported.

The figure shows 0.3 percent rise from 7.1 percent inflation rate in the second calendar month, Ordibehesht.

The center also put the point-to-point inflation rate in the urban areas at 9.4 percent in Khordad, with 0.2 percent drop from 9.6 percent in Ordibehesht.

Also, based on the Statistical Center’s report, the inflation rate in the country’s rural areas stood at 8.5 percent for the 12-month period ended in Khordad, with 0.4 percent increase from 8.1 percent in Ordibehesht.

Point-to-point inflation rate in the rural areas fell by 1.3 percent to 10.5 percent in Khordad from 11.8 percent in Ordibehesht.

The Statistical Center has put the country’s inflation rate at 9.8 percent in the past Iranian calendar year 1395, showing 4.5 percent drop from its preceding year.

It is while Central Bank of Iran (CBI) had previously put the country’s inflation rate at nine percent during the past calendar year.

Iran, accordingly, could manage to experience a single-digit inflation rate after 26 years in 1395.