TEHRAN, (AP) — Iranian inflation, one of the country’s biggest economic challenges, fell to 21.5 percent in the Iranian month ending July 22, the official news agency IRNA said on Tuesday, citing a central bank report.
The figure is down from 22.5 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 first four-year term.
Economists accuse him of directly fuelling price rises by ploughing huge amounts of cash into the economy for local infrastructure projects and by offering low-interest loans.