Tuesday, December 3, 2013

Iran Inflation Rate @ 40%

The Central Bank of Iran (CBI) announced today that the country’s inflation rate for the 12-month period ending on the last day of Aban (22 November 2013) hit 40 percent.

CBI Governor Valiollah Seif told reporters in Tehran that he will focus on curbing the runaway liquidity growth to bring down inflation. Rouhani administration has pledged to reduce the inflation rate to below 25% by 2015.


Mark Pyruz said...

Reduce how? Djavad thinks the president should make the upper and middle classes shoulder higher cost in goods that are now and have been universally subsidized. Hard advice to give for the president to administer on his socio-economic base of political support.

Anonymous said...

By not beinga bunch of terrorist scum thieves.