July 25, 2008

Iran’s inflation hits 19.1% in 2007-08

Mehr News Agency reported that inflation in the first Iranian month of March 20th 2008 to April 19th 2008 rose by 3.1% MoM and 24.2% YoY. Inflation in the previous 12 months compared to the 12 months before this period in 2007 showed a 19.1% rise. Tehran’s inflation in this period was 19.5%.

The inflation number announced by Iran’s central bank in March 20th 2006 to March 21st 2007 was 18.4% and 12.8% in the year before that.