Iran’s annual inflation rate rises 1.4% to 47.7% in February

Iran’s annual inflation rate rose by 1.4% to 47.7% in the calendar month to February 19, according to latest figures by the government’s statistics agency the SCI.

The Statistical Center of Iran said in a report on Tuesday that Iran’s consumer prices index (CPI) had increased by 46.9% for urban households and by 51.7% for rural families in the year to late February compared with the same previous period.

It said that the CPI had risen by 3.5% in February compared to last month, adding that the figure was down from a 4.3% month-on-month increase reported in January.

Inflation calculated on a point-to-point scale, which measures price hikes in February this year compared to the same month in 2022, reached 53.4%, said the SCI.

Iran has experienced high but controlled levels of inflation in recent years both because of the economic impacts of US sanctions and tensions in global food and commodity supplies as a result of issue like the pandemic and the war in Ukraine.

Press TV’s website can also be accessed at the following alternate addresses:

www.presstv.co.uk