Middle East Economic Survey


No 34



Irans Inflation Rate Rises To 16.3% In July

Irans year-on-year inflation rate edged upwards to 16.3% in the year ending with the Iranian month of Tir on 22 July, the Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani announced on 15 August. The rate represents an increase of 0.9% from the year-to-year inflation rate of 15.4% at the end of Khordad on 21 June, Mr Bahmani pointed out, predicting however the rate would fall in...