TEHRAN - The Statistical Center of Iran (SCI) has put the typical inflation rate in the twelve-month period ended on January 20, which marks the end of the tenth Iranian calendar month Dey, at 32 percent, falling 0.5 percent from the figure for the twelve-month ended to the ninth month.The center put the countrys point-to-point inflation rate at 31.8 percent in the tenth month, which means households have paid an average of 31.8 percent more for purchasing the exact same plan of commodities and services in that month, compared to the very same month in the preceding year.The point-to-point inflation rate increased 0.4 percent in the tenth month from the previous month.The SCI has announced that Irans economy grew by 5.7 percent in the past Iranian fiscal year (ended on March 19, 2024), marking the greatest development since 2017.
In its latest report, the SCI stated the development of the gdp (GDP) for the year ending in March 2024 at the constant prices of 2017 is equivalent to 5.7 percent of the total GDP and 3.4 percent of the GDP minus oil.The field of activities of markets and mines group grew by 6.9 percent, the services group by 5.7 percent, and the agriculture group by 2.2 percent compared to the previous year.The International Monetary Fund (IMF), in its latest World Economic Outlook, has actually estimated Irans inflation to decline to 31.7 percent in 2024 from 40.7 percent last year.The IMF anticipated that Irans gross domestic product (GDP) will grow by 3.7 percent this year, up from a previous quote of 3.3 percent announced in July, IRNA reported.The IMF said that Irans bank account balance will be 2.9 percent of its GDP this year, a little up from 2.8 last year.MA