Iran’s urban inflation rate hits 30.2 pct
Iran's urban inflation rate hit 30.2 per cent in the 12-month period ending on April 20.
The Iranian Statistics Center reported that the inflation rate in Iranian urban areas hit 30.2 percent in the 12-month period ending the first Iranian calendar month (March 21-April 20), IRNA news agency reported.
The figure fell 1.9 per cent compared to the last calendar month
of the past year.
Earlier, Iranian President Hassan Rouhani said the country's
inflation rate is projected to drop to 25 percent by the end of the
current Iranian calendar year (March 20, 2015.
"Improving relations with foreign countries may even cause the
figure to fall below 25 percent," he explained.
In November 2013, Rouhani said for the first time that his government plans to decrease the inflation rate to below 25 percent by the end of the current Iranian calendar year 1393 (March 20, 2015).
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