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27-05-20
CBI sets yearly inflation rate target at 22 percent
(MENAFN)
A statement that was released by the central bank of Iran (CBI) on Tuesday said that the yearly inflation rate target for the ongoing Iranian calendar year, ending on the 20th of March 2021, is set at 22 percent.
The statement which was released on the CBI read said that "given the adopted policies and taken measures and also taking the country's macro-economic factors into account, the CBI believes that based on the realistic scenarios, the inflation rate in the current year will continue its downward trend".
The Statistical Center of Iran (SCI) said that the inflation rate for the twelve-month period that ended on the 19th of April, which is the end of the starting Iranian calendar month of Farvardin, came in at 32.2 percent.
The inflation rate posted a drop of 2.6 percent in the cited time frame compared to the twelve-month period ending the last day of the earlier year.
MENAFN2705202000450000ID1100230321
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