Inflation Falls to 14.8%

The Central Bank of Iran (CBI) has announced that the inflation rate for the 12-month period ending 22nd October has fallen to 14.8 percent compared to the same period last year.

According to the Mehr News Agency, the inflation rate has been falling in recent months and is expected to fall further in the coming months.

Curbing inflation was one of the major promises by Iranian President Hassan Rouhani during his presidential campaign, as under the previous administration, inflation rocketed to 44 percent.

CBI Governor Valiollah Seif (pictured) has introduced a six-month stimulus plan to spur the economy.

(Source: IRNA)

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