Iranian Year Ends With Single Digit Inflation

CBI had put the inflation rate for the preceding month of Bahman, which ended on Feb. 19 at 9.9%. The overall CPI (using the Iranian year to March 2017 as the base year) stood at 114.7 in Esfand, indicating a 1.1% increase compared with the previous month. The index registered a year-on-year increase of 8.3% compared with the similar month of last year.  The CBI report came after the Statistical Center of Iran put Esfand inflation at 8.2%, indicating a decrease of 0.1% compared to last month. SCI put urban and rural inflation at 8.1% and 8.8% respectively, which registers a 0.1% and 0.3% decrease compared to last month. The overall CPI, according to SCI and using the Iranian year to March 2017 as the base year, stood at 111.4, up 0.2% compared to last month. For urban and rural areas, the index stood at 111.4 and 111.5, marking a 0.2% and 0.4% growth compared to last month respectively. The year-on-year increase was 7.2% for the whole country, 7.3% for urban areas and 6.2% for rural areas compared with last year’s same month, indicating a decrease of 1% for the whole country, 1.1% for urban areas and 1.2% for rural areas, Financial Tribune reported.