Iran sees rise in inflation rate
Iran's inflation hit 35.1 percent in the fifth calendar month of the current year (July 22 - August 21), which is 1.2 percent more than its preceding month, the Iranian Statistical Centre reported.
The country's inflation index also stood at 168.1 units in the mentioned month.The inflation index was 1.8 per cent more than its preceding year.
The country's point-to-point inflation in the mentioned month was 38.4 per cent, which is 0.7 per cent less than its preceding month.
Earlier, Head of Majlis Research Center Kazem Jalali said that the inflation rate is really alarming and the officials should try to find a solution as soon as possible.
Iran's average monthly inflation rate was 25.4 percent during the previous Iranian calendar year, which ended on March 20.
In April, the International Monetary Fund reported that Iran's economy contracted by 1.9 percent in 2012 and is expected to shrink by 1.3 percent this year.
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