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Iran says inflation in single digits, first time in decades

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Iranian state TV says the inflation rate has dropped into the single digits for the first time in decades.

 

It quotes Vice President Mohammad Bagher Nobakht as saying Tuesday that annual inflation has dropped to 9.5 percent.

 

Iran's inflation has been in the double digits since 1991, and in 1995 was a record-high 49.5 percent.

 

 

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