CBI statistics featured in IRIB News’ Wednesday report confirmed Iran’s annual inflation price fell to 37.3% within the calendar month ending November 20.
According to Press TV, the CBI mentioned this determine is the bottom reported within the final 4 years.
According to the report, the Consumer Price Index (CPI), measured on a point-to-point scale, rose 35.3% in November this yr in comparison with November 2023.
The month-to-month inflation price for the calendar month ending in late November was 3%, a rise of 0.5% from the earlier month.
CBI Director Mohammad Reza Farzin has used the information to defend the nation’s financial efficiency in current months, and a better have a look at the November Producer Price Index (PPI) exhibits that the federal government’s He mentioned this confirmed that inflation coverage was heading in the right direction.
Farzin, who was reappointed after the midsummer change of presidency, mentioned the common PPI in November was 27.6%, the bottom because the February 2019 report.
He mentioned the point-to-point PPI in November was 27.6%, whereas the month-to-month PPI, a measure of inflation, was 2.4% in the identical month.
Iran has suffered from excessive however subdued ranges of inflation since 2020, when the nation started feeling the financial impression of the coronavirus pandemic, a yr after the US tightened sanctions on Iranian oil exports. has been performed.
Iran’s annual inflation price rose to almost 49.1% in May 2023, simply shy of the all-time excessive reported almost 30 years in the past.
MNA