CBI Puts Iran Inflation at 9.8% (May 2017)

EghtesadOnline: The average goods and services Consumer Price Index for urban areas in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, reached 9.8% compared with last year’s corresponding period, according to the latest report released by the Central Bank of Iran.

News ID: ۷۷۶۵۴۲

27 May 2017

CBI put the inflation rate for the preceding month of Farvardin, which ended on April 20, at 9.5%.

The overall CPI (using the Iranian year to March 2012 as the base year) stood at 266.1 in Ordibehesht, indicating a 0.2% growth compared with the previous month. The index registered a year-on-year increase of 11.8% compared with the similar month of last year.  The CBI report came after the Statistical Center of Iran put Ordibehesht inflation at 7.1%, Financial Tribune reported.