The inflation rate in the Iranian economy is expected to decrease in the current calendar year (starting March 21, 2013) and in the years to come, the Economist Weekly Magazine reported. According to a report released by the Economist Intelligence Unit for February 2013, Iran’s inflation rate, which amounted to 30 percent in the past calendar year (ending March 20, 2013), will drop to 21 percent by the end of the current year (March 20, 2014). Last year’s inflation, the report noted, has been the highest over the period analysed by the Economist (2008 – 2017).
The Weekly predicted that the figure will further decrease to 17 percent in the next year followed by a 0.9 percent fall in the year after to stand at 16.1 percent. In the Iranian year 1395 (2016), the report added, Iran’s inflation is predicted to drop to 16 percent, further going down to 15 percent in 2017.