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Iran Inflation Dips to 16.7% in October - ASHARQ AL-AWSAT English Archive
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TEHRAN (AFP) – Inflation in Iran, one of its biggest economic challenges, fell to 16.7 percent in the Iranian month ending October 22, state television reported on Tuesday, quoting a central bank report.

The figure is down from 18.5 percent in the previous month.

Inflation in the Islamic republic, OPEC’s second biggest oil exporter, has been falling since September 2008 when it peaked at 29 percent.

Some economists blame President Mahmoud Ahmadinejad for stoking inflation with his expansionary policies during his first four-year term.

Economists accuse Ahmadinejad, who was re-elected in June, of directly fuelling price rises by ploughing huge amounts of cash into the economy for local infrastructure projects and by offering low-interest loans.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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