Middle East Economic Survey


No 15



Irans Inflation Rate Edges Up To 12.4%

The Central Bank of Iran (CBI) on 4 April announced that the rate of inflation for the Iranian year 1389, which ended on 20 March, stood at 12.4%, an increase from the year-on-year inflation rate of 11.6% for the year ending with the Iranian month of Bahman on 19 February. Irans annual inflation rate hit a low of 8% in August 2010 but has since edged upward, especially after the implementation of...