Sunday July 12, 08:30 AM
Iran inflation dips to 22.5 percent in June
TEHRAN (AFP) - Iranian inflation, one of the biggest economic challenges facing the country, fell slightly to 22.5 percent in the Iranian calendar month ending June 21, the Sarmayeh newspaper has said, quoting a central bank report.
The figure is down from 23.6 percent in the previous month.
Inflation in Iran, OPEC's second biggest oil exporter, has been witnessing a downward trend since September when it peaked at 29 percent.
Several economists blame newly re-elected President Mahmoud Ahmdinejad for stoking inflation with his expansionary policies during his prevous four-year term.
Economists accuse him of directly fuelling price rise by ploughing huge amounts of cash into the economy for funding local infrastructure projects and by offering low-interest loans.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
