Economy / Iran
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Inflation Remains Key Challenge As Prices Push Higher
June 2008 | Economic AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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We continue to see accelerating inflation as the Iran's key macroeconomic challenge, after recent figures released by the Central Bank of Iran noted that consumer price inflation (CPI) accelerated by 25.3% y-o-y in Iranian month Ordibehesht (Apr-May), up from 24.2% y-o-y in the previous month. Prices in the Islamic Republic are continuing to push higher on the back of the global rise in food and fuel prices - the food component of the CPI gained 20.7% y-o-y in Bahman (Jan-Feb) - and President Mahmoud Ahmadinejad's imprudent economic policies. In addition, the CBI also reported a record increase in input prices,