Iran has officially raised the cap on interest rates that banks in the country can charge weeks after media reports suggested the government is trying to use the monetary policy instrument to contain the rising inflation. A Monday report by the IRIB News said interest rate on loans given by state and private banks in Iran had been increased to 23% ...

Financial Tribune Chronic inflation, which stems from economic imbalances, ruins economic growth, Masoud Nili, a prominent economist and professor of economics at Sharif University of Technology, says. Irans economy has not fared well in terms of long-run growth, which is a sustained rise in the quantity of goods and services it produces. Chronic ...

Financial Tribune - The Statistical Center of Iran has published its latest report on price changes of food products during the fifth month of the current Iranian year (March 21-Aug. 22). The report shows the biggest month-on-month price rise for a food item in urban areas during the month was recorded for packed foreign teas with 29.9%. A kilogram ...

Al-Monitor | Navid Kalhor: Home prices in Tehran more than doubled in the quarter that ended June 21 compared with a year earlier, after a prolonged period of relative price stability in the properties market. Extreme fluctuations in the markets for alternative assets like gold coins and currency also caused residential property prices to skyrocket,...

MNA "The government managed to curb the inflation rate in the past months and according to predictions economic growth will improve in the next Iranian calendar year," Head of Plan and Budget Organization Mohammad-Bagher Nobakht said on Wednesday. Inflation rate stood at 3.4 percent in the past Iranian months, registering a drop of 0.8 percent ...

Financial Tribune - Consumer inflation in Iran registered a year-on-year increase of 50.4% in the Iranian month ending June 21, compared with the similar month of last year, the Statistical Center of Iran reported. The overall CPI (using the Iranian year to March 2017 as the base year) stood at 174.9 in the month, indicating a 0.8% rise compared ...

Tehran Times - The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on April 20, which marks the end of the first Iranian calendar month of Farvardin, stood at 30.6 percent, IRNA reported. The inflation rate in the mentioned period shows a 3.7-percent rise from the figure of the twelve-month period ended ...

By Associated Press TEHRAN, Iran (AP) -- Iran's Central Bank says the country's annual inflation rate hit 24.9 percent in October compared to 24.0 the previous month. The figure, reported by the official IRNA news agency Wednesday, was one of the highest inflation rates since President Mahmoud Ahmadinejad came to office seven years ago. They ...

Tehran, Dec 17, IRNA Governor of the Central Bank of Iran (CBI) Valiollah Seif said the inflation rate will drop to 17% by the end of the current year adding that one of the major achievements of the government in the past 18 months has been the outstanding reduction of inflation rate through development of calm and stability in the economic environment....

Tehran, Nov 14, IRNA Secretary of Free and Special Zones Coordination Council Akbar Torkan says the president has stressed on economic capacity building on south coasts. We are after establishing new economic poles on south coasts. Visiting IRNA stand at the 20th Press and News Agencies Exhibition on Thursday, Torkan said recently a bill has been ...

(Reuters) - Iran's inflation rate has climbed above 30 percent under the impact of international economic sanctions, according to figures released by the government's statistics centre. The rate reached 31.5 percent in the 12 months to March 20, which was the end of Iran's calendar year, the semi-official Mehr news agency quoted the centre as saying ...

Iran news headlines on Monday includea US official remarks over world powers offer of Iran sanctions relief in nuke talks; arrival of Iranian negotiators team inKazakhstan for talks; rise ofIrans inflation rate due to sanctions; Iran Army holding drillin near future; Iran increasingoil storage facility andIranian mediaslammingOscar win for Argo. Powers ...

Feb 25 (Reuters) - Iran's inflation is continuing to rise and is likely to top 30 percent in coming weeks as economic sanctions contribute to shortages and stockpiling by anxious consumers, the central bank governor was quoted as saying on Monday. "The reduction in supply of some product lines and the psychological effect of concern about access to ...

Irans former presidentAli Akbar Hashemi RafsanjanicriticizedMahmoud Ahmadinejads policies and his governments imaginary economic indicators, theDonya-e- Eqtesadnewspaper reported. An energy and food subsidies reform plan that started in 2010 failed to boost local production and growth, he said. Instead, it led to an insignificant amount of cash distributed ...

TEHRAN, Iran (AP) -- Iran's central bank says the annual inflation rate hit 27.4 percent at the end of 2012, one of the highest rates ever quoted by Iranian authorities. The soaring rate is attributed to Western sanctions over Iran's suspect nuclear program and government mismanagement. The figure was posted on the bank's website Wednesday. It ...

The inflation rate in Iran for the 12-month periodthat ended on November 22nd hit 26.1%, the Central Bank of Iran (CBI) announced on Wednesday, the Mehr News Agency reported. Experts believe that in recent months,the real rate of inflation in Iran has been over 50%. "Figures obtained on the ground show that the inflation rate is over 50% and ?some ...

By TheWashington Post TEHRAN With an economy struggling through some of the most punishing economic sanctions in history, Iran is looking inward to meet its basic needs while attempting to change the consumption habits of a society accustomed to enjoying a range of foreign products. Iranian officials call it the resistance economy, reflecting ...

ByBusiness Insider In recent months there has been a lot of incorrect speculation that because Iran has been shut off from the petrodollar, SWIFT-mediated regime, its economy will implode as the country has no access to the all important greenback and can thus not conduct international trade - the driving factor behind the international sanctions ...

By Jerusalem Post Analysts in Iran criticize their countrys central bank for failing to bring hyperinflation under control. Iranian economists and analysts continued to criticize the Central Bank of Iran on Sunday for poor reporting on the countrys skyrocketing inflation rate and for failing to stabilize its currency. On Saturday, the central ...

By Bloomberg Irans inflation rate is 29 percent, higher than the figure given by the central bank, Parliament Speaker Ali Larijani said, according to Shargh newspaper. The actual inflation rate is sometimes higher than that announced by official bodies, Larijani said, according to the Tehran-based newspaper. He also said that unemployment is ...