In its latest report, the Central Bank announced the inflation condition and the purchasing power of people in Iran as one of the highest inflation rates among all the countries in the past 4 years of 2008 to 2012.
Iran lies third with 27.3 per cent after Syria with a percentage of 36.7 estimated in 2012.
The inflation graphs in this report show that the rates in Iran and Syria have had an increase slope, but the rate in Belarus has remained the same, reported state-run Fars news agency.
Inflation rate in Iran in the year 2011 was 20.6, in 2010, 10.1 per cent, in 2009 13.5 per cent and finally in 2008 in 25.5 per cent. This had a 45 per cent rise in the month up to June 21, 2013 compared to the same month a year earlier, according to reports.
In addition, Iran’s statistics center announced the inflation rate in the month of July as 33.9 per cent and announced that compared to its previous month it raised by 1.3 per cent.
This report also shows that the inflation rate in July reached 39.1 per cent.
In the meanwhile, the head of the parliament’s research center said that the inflation has soared to 61 per cent. Kazem Jalali blamed the exchange rate and bad management of monetary policy by ministers for the rocketing prices.
He said: “Inflation is being caused by many factors, including the currency exchange rate, financial and monetary policies and incomplete execution of the Subsidy Reform Plan, so there must be some planning done for all of these.”
Incoming president Hassan Rouhani recently announced that inflation was currently at 42 per cent – but this has since been contradicted by regime officials.
The purchasing power in Iran has also been halved in the past year due to low wages and soaring inflation in the economically battered regime.
Independent analysts say the official figures do not show the real picture and some estimate actual inflation is more than double the official figures.