Iran's point-to-point inflation down over 24 pct: minister

  • World
  • Wednesday, 15 May 2024

TEHRAN, May 14 (Xinhua) -- Iranian Finance Minister Ehsan Khandouzi said on Tuesday the country's point-to-point inflation rate dropped by 24.6 percent in the first month of the current Iranian calendar year, March 20-April 19, compared to the same period last year.

He made the remarks at a weekly press conference in the Iranian capital Tehran, reported the semi-official Mehr news agency.

Citing figures by the Statistical Center of Iran (SCI), Khandouzi said the country's point-to-point inflation rate dropped to 30.9 percent in the first month of this year, compared with 55.5 percent during March 21-April 20 last year, the first month of Iranian calendar year 2023.

In addition, at the end of the previous year, Iran's liquidity growth rate decreased to 24.3 percent, the minister said, noting it used to stand at above 40 percent at the end of the former administration, early August 2021.

The minister added from March 20 to April 19, 2024, Iran's producer price index declined by 6.1 percent compared to the same period last year to reach 31.2 percent.

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