Monday, May 14, 2012

Inflation Rate @ 22%

The Statistics Bureau of the Central Bank of Iran just announced that the country’s annual inflation rate for the 12-month period ending 20 April 2012 was at 21.8 percent [ISNA, 14 May].


Anonymous said...

Those statistics are under inflated.It should be much higher at 35% or more.Prices have increased a lot in the past 8 months.

Anonymous said...

a 10% inflation rate is healthy as it incentivizes work. one of the most self destructive things the US did in the late 70s and early 80s was to kill off its inflation. that was the turning point in the american economy, transforming it into a bunch of debtors.

Anonymous said...

and 22% inflation is not 10%, is it?

and the US economy is in a heck of a lot better shape than one that's based on sales of a single commodity.