Iran’s economy grows 2.9% in H1 fiscal year
TEHRAN (Iran News) The GDP at base prices for the period amounted to 40,360.2 trillion rials ($51.58 billion) including oil revenues, suggesting a 29% growth in Iranian economy.
With oil revenues excluded, the country’s GDP stood at 37,034.1 trillion rials ($47.33 billion), indicating a 2.4% year-on-year growth.
The positive economic growth sustained through the first and second quarters of the fiscal year follows consistent growth throughout all quarters of the preceding year, signaling a continued recovery in economic activity across the country.
A Sunday report by the Statistical Center of Iran (SCI) indicated that Iran’s annual inflation rate for the calendar month to late December dropped to 32.5%, marking a 0.6 percentage point decline compared to the previous month.
According to the report, the Consumer Price Index (CPI) for households reached 285.1 in the month under review, reflecting a 2% rise compared to the previous month and a 31.4% increase year-on-year.
- source : irna
