EghtesadOnline: The average goods and services Consumer Price Index for urban areas in the 12 months ending Aug. 22, which marks the end of the Iranian month of Mordad, increased by 11.5% compared with last year’s corresponding period, according to the latest report released by the Central Bank of Iran.
The CBI had put the inflation rate for the preceding month of Tir, which ended on July 22 at 10.2%. The overall CPI (using the Iranian year to March 2017 as the base year) stood at 133.8 in Mordad, indicating a 5.5% increase compared with the previous month. The index registered a year-on-year increase of 24.2% compared with the similar month of last year. The CBI report came after the Statistical Center of Iran put the average inflation for the 12-month period to Mordad at 9.7%. According to SCI, the index registered a year-on-year increase of 19.3% compared with the similar month of last year, Financial Tribune reported.