TEHRAN – The Central Bank of Iran (CBI) announced that the growth rate of the monetary base and money supply decreased significantly in the previous Iranian calendar year (ended March 19), IRNA reported.
Based on CBI data, money base growth decreased by 16.9% from 45% at the beginning of the year to 28.1% at the end of the previous Iranian calendar year, and money supply growth also declined to 17.5% in the same year. end.
Liquidity growth also fell to 24.3% from 31.1% a year ago.
In April, the CBI announced that the Point-to-Point Producer Price Index (PPI), a measure of wholesale inflation, had fallen by 16.5% from 40.7 in March 2023 to 24.5 in late March 2024.
As reported, the Consumer Price Index (CPI), a measure of inflation based on prices paid by consumers, also fell by 4.8% from 37.3 in March 2023 to 32.6 in March 2024.
In February, the Statistics Center of Iran (SCI) announced that the average inflation rate for the 12 months ending January 20, the end of the 10th lunar day in the Iranian calendar, was 42.5%, a 1.1% decrease from the previous month. He pointed out that he did. Same period last year.
The center estimated the country's point-to-point inflation rate in the 10th month of the Iranian calendar at 35.8%. This means that families paid on average 35.8% more for the same package of goods and services in the same month compared to the same month. month of the previous year.
The Iranian Statistics Center has estimated that the average inflation rate for the 12 months ending March 20, 2023, the end of 1401 in the Iranian calendar, will be 45.8%.
The center estimated the inflation rate for the 12 months ending March 20, 2022 (the end of 1400 in the Iranian calendar) to be 40.2%, and the inflation rate in 1399 in the Iranian calendar to be 36.4%.
In mid-July 2023, the International Monetary Fund (IMF) stated in its Economic Outlook Report that Iran's inflation rate, reported at 49% in 2022, is expected to decline to 30% in 2024. Stated.
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