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News > Inflation rate in Iran’s urban areas falls to 17.2%: Central Bank


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Inflation rate in Iran’s urban areas falls to 17.2%: Central Bank

Inflation rate in Iran’s urban areas falls to 17.2%: Central Bank

The Producer Price Index (PPI) rose 1.9 percent in the 12-month period compared to the same period of last year, the report added. PPI hit 211.7 in the month of Azar.
 
PPI measures the average change in selling prices received by domestic producers of goods and services over time. The PPI looks at three areas of production: industry-based, commodity-based, and stage-of-processing-based companies.
 
On July 20, Finance and Economic Affairs Minister Ali Tayyebnia said the Iranian government will implement anti-recession programs until a single-digit inflation rate is achieved.
 
The administration has prepared a comprehensive plan to combat high inflation and bring the national economy out of recession, the IRNA news agency quoted Tayyebnia as saying.
 
In March, Tayyebnia said that the country’s inflation rate would fall below 15 percent in Iranian calendar year 1393 (March 2014-March 2015).
 
http://www.tehrantimes.com


13:30 - 29/12/2014    /    Number : 320753    /    Show Count : 37



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