Middle-east Arab News Opinion | Asharq Al-awsat

Iran Inflation Dips to 22.5 Percent in June | ASHARQ AL-AWSAT English Archive 2005 -2017
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.