Bloomberg News

Iran Parliament Speaker Says Inflation 29 Percent, Shargh Says

September 26, 2012

Iran’s 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 above 14 percent.

Iran’s Central Bank said on Sept. 5 that the inflation rate rose to 23.5 percent in the month that ended on Aug. 20 from 22.9 percent the previous month. Prices have been pushed up by international sanctions aimed at curbing Iran’s nuclear program, which have led to a slump in the rial’s value.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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