Iran’s Inflation Rate Rises To 24%
The Central Bank of Iran (CBI) announced on 20 October that the inflation rate in the year ending on 21 September (Iranian month of Sharivar) rose to 24% from 22.9% in the year ending on 21 July (Iranian month of Tir). Before releasing its inflation figures, the CBI has to clear them with a government office, the Supreme Council of Statistics (MEES, 11 July 2011). The latest inflation figure is absurdly low, considering that...
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