The Statistical Center of Iran recently reported a decrease in the consumer price index, reaching 264.7 in September, down 34.2% from the previous year. Annual inflation stood at 34.8% in August, with a 1.7% increase in September alone.
Despite challenges such as US sanctions and global market changes, the new Iranian administration is implementing policies to stabilize the economy. In May last year, inflation peaked at nearly 49.1%, prompting the government to take action.
Experts attribute the recent decrease in inflation to improved government controls on imports and distribution of essential goods. Tighter monetary policies have also played a role in maintaining stability.
This positive trend reflects a more controlled money supply and inflation rate in Iran. With continued efforts and effective policies, the country aims to navigate through economic challenges successfully.
Check out the latest updates on Iran’s economic situation at MNA.
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