Middle East Economic Survey


No 7



Irans Inflation Rate Falls To 24% In January

Irans inflation rate in the year to 19 January fell by more than 2 percentage points to 24%, the Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani told the Tehran daily Donya-e Eqtesad on 7 January. The year-on-year inflation rate was 26.4% on 20 December and 28.3% on 20 November 2008 (MEES, 26 January). The rate peaked at 29.4% on 21 September. The inflation rate has climbed steadily...