(MENAFN) According to the Statistical Center of Iran, the inflation rate dropped to 15.8 percent for the twelve-month period ended January 20, Tehran Times reported.
The Central Bank of Iran (CBI) had forecasted the inflation rate to stand at 16.3 percent. The inflation rate for the twelve-month period ended December 20 stood at 16.8 percent.
Meanwhile, the point-on-point inflation rate dropped to 14.4 percent in October from 14.9 percent in the prior month. In March, forecasts indicated of a below-15 percent inflation rate.
The government will implement anti-recession programs until a single-digit inflation rate is achieved, the Finance and Economic Affairs Iranian Minister said in a statement.
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