17 Jun 2024
Wednesday 26 September 2012 - 19:19
Story Code : 6278

Iran parliament speaker says inflation 29 percent, Shargh says

 Iran parliament speaker says inflation 29 percent, Shargh says
By Bloomberg

Irans inflation rate is 29 percent, higher than the figure given by the central bank, Parliament Speaker Ali Larijani said, according to Shargh newspaper.

The actual inflation rate is sometimes higher than that announced by official bodies, Larijani said, according to the Tehran-based newspaper. He also said that unemployment is above 14 percent.

Irans Central Bank said on Sept. 5 that the inflation rate rose to 23.5 percent in the month that ended on Aug. 20 from 22.9 percent the previous month. Prices have been pushed up by international sanctions aimed at curbing Irans nuclear program, which have led to a slump in the rials value.

 

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