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The average goods and services Consumer Price Index in the 12-month period ending August 22, which marks the end of the Iranian month of Mordad, increased by 11.5% compared with last year’s corresponding period, the Central Bank of Iran reported. CBI had put the inflation rate for the preceding month of Tir, which ended on July 22, at 10.2%. The overall CPI (using the Iranian year to March 2017 as the base year) stood at 133.8 in Mordad, indicating a 5.5% rise compared with the previous month. The index registered a year-on-year increase of 24,2% compared with the similar month of last year.
The Statistical Center of Iran (SCI) reported an inflation rate of 9.7% for the year ending August 22.
