The average goods and services Consumer Price Index in Iran during the 12-month period ending May 21, which marks the end of the Iranian month of Ordibehesht, increased by 9.1% compared with last year’s corresponding period, the Central Bank of Iran reported. CBI had put the inflation rate for the preceding month (Farvardin), which ended on April 21, at 9.2%. The overall CPI (using the Iranian year to March 2017 as the base year) stood at 117.5 in Ordibehesht, indicating a 1.6% rise compared with the previous month. The index registered a year-on-year increase of 9.7% compared with the similar month of last year.
The Statistical Center of Iran (SCI) reported an inflation rate of 8% for the year ending May21.