Experts say real inflation rate may be roughly twice as high as official number. Iranian rial
Photo: Reuters
Sanctions push Iran inflation above 30%
Figures released by Iranian government's statistics center show inflation rate reached 31.5% in 12 months to March 20 under impact of international economic measures
Iran's
inflation rate has climbed above 30% under the impact of international economic sanctions,
according to figures released by the government's statistics center.
Blacklisted
Associated Press
European foreign ministers add nine people 'responsible for serious human rights violations' to list of those subjected to travel ban, asset freeze
The rate reached 31.5% in the 12 months to March 20, which was the end of Iran's calendar year, the semi-official Mehr news agency quoted the center as saying on Monday.
Inflation was 27.4% at the end of last December, according to previously released official data. The rate was 26.4% in March 2012.
Iran has suffered double-digit inflation for most of the past decade. Inflation began rising sharply at the end of 2010 when the government slashed food and fuel subsidies;
since then the sanctions, imposed over Iran's disputed nuclear program, have pushed down its currency, adding to pressure on prices.
Analysts say that including prices of imported goods, Iran's real inflation rate may be roughly twice as high as the official number.
