The governor of Iran Central Bank says the government has prepared plans to curb inflation and to boost production in cooperation of all related bodies in the country, adding that with regular planning, the inflation will definitely be guided to the lower levels in the current year.
A member of Tehran Chamber of Commerce, Industry, Mine and Agriculture says what the government says on reducing the inflation and forex rate depends completely on the amount of oil sales and reiterated that limiting the trade to only some certain countries is not good policy.
Amid a record 4.9 percent surge of annual consumer inflation in 19 EU countries last month, the European Central Bank (ECB) has declared plans to scale back its crisis bond-buying but ruled out raising interest rates next year.
This week, the U.S. labor department announced an increase in the consumer price index (a basket of products ranging from gasoline and health care to groceries and rents). The CPI has risen to 6.2% compared with the same period last year. The announcement means the country is now facing the highest annual inflation rate in more than 30 years (since November 1990).
A survey by the Confederation of British Industry has shown UK manufacturers are struggling with their worst supply chain shortages since the mid 1970s. Fears are now growing in the sector over the financial fallout of rising costs and a lack of materials on the backdrop of Brexit and the coronavirus.
The United States hasn’t seen significant inflation in almost 40 years. That may change soon, thanks to a massive federal deficit, pent-up demand when quarantine restrictions are released.
The draft budget plan for the next Iranian year (to start March 21, 2021) instructed to the executive bodies has targeted an inflation rate of 22 percent.
TEHRAN (Iran News) – Iran’s annual inflation rate has been largely stable in September despite lower spending by households amid the spread of the coronavirus pandemic. The Statistical Center of Iran (SCI) said the country’s Consumer Price Index (CPI) had risen by 0.2 percentage point, to reach 26 percent year-on-year in the month ending September […]
The Central Bank of Iran (CBI) is planning to issue certificates of deposit in euros as it struggles to contain liquidity and tame the rising inflation in the country.
Iranian President Hassan Rouhani said the recent fluctuations in the country's forex market are temporary.