Middle East Economic Survey


No 33



CBI Governor Says Inflation Rate Falls To 13.9% In July

The Governor of the Central Bank of Iran (CBI), Mahmoud Bahmani, said on 6 August that the year-to-year inflation rate fell to 13.9% in the Iranian month Tir ending on 21 July, from 14.5% in the previous month of Khordad, ending on 20 June. The consumer price index, which peaked at 29.5% in September 2008, is also expected to decline from 22.5% in the month ending 20 June, although no...