Iran’s inflation rate drops under 40%: Gov’t spokesman
Downward trend for inflation continues: CBI governor
The inflation rate in Iran has reached below 40 percent, said Iranian government spokesman Ali Bahadori Jahromi on Tuesday.
“The government’s plans are aimed at controlling inflation and realizing economic growth, as the Iranian government’s economic spokesman Ehsan Khandouzi has explained many times about the economic package of the government,” Bahadori Jahromi told IRNA.
The latest report by the Statistical Center of Iran on the inflation rate shows the continuation of the downward trend of point-to-point inflation in the country, so that in the month to July 22, inflation decreased by nearly 2.5 percent compared to the related figure for the preceding month, which reached below 40 percent.
Talking on liquidity growth during the two years of the current administration, the official said that with a decrease of about 13.8 percent, liquidity of the country has reached about 29 percent.
Meanwhile, Mohammadreza Farzin, the governor of the Central Bank of Iran (CBI), said on Tuesday, “With the decrease in the inflation rate and the stability of the currency market, we witness a decrease in property prices in Tehran.”
Speaking at a meeting with Iranian economists, the CBI governor noted that since May 22, the inflation rate has started to decline, and the estimates indicate a reduction in the inflation rate for the current month (started July 23) as well.
Emphasizing that the control of exchange rate fluctuations by the CBI has brought stability in various markets, he said: “With the extension of the current monetary and currency policies, we hope that the inflation rate and currency will drop to lower figures.”
By following the present policies, we will see a decrease in the inflation rate in the next year, Farzin added.