The Iranian government agency Supreme Council for Statistics today barred the Central Bank of Iran (CBI) from publishing the rate of inflation in the country. The move came weeks prior to expected release by CBI of the final inflation rate for the preceding fiscal year, ending 20 March 2011. The CBI has traditionally released semi-annual and annual rates of inflation in the country, going back to the shah’s regime.
In the past three years, however, the CBI had first refused to release any figures on the rates of economic growth and inflation in the country, which the observers attributed it to the pressure excreted by the government for not releasing disappointing figures, and two months ago released bits and pieces of incomplete statistics on the growth and inflation rates. The government agency did not say whether the CBI was also barred from publishing the economic growth data.