Middle-east Arab News Opinion | Asharq Al-awsat

Iran Inflation Dips to 22.5 Percent in June - ASHARQ AL-AWSAT English Archive
Select Page

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 previous 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.

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.

More Posts

Follow Me:
FacebookGoogle PlusYouTube