TEHRAN (AFP) - Iran's inflation rate, which has provoked intense criticism of the government, topped 26 percent in June, according to a central bank statement published in the press on Saturday. "During the Iranian month of Kordad (to June 20) inflation reached 26.4 percent compared with the same month a year ago," according to the statement published in the economic newspaper Sarmayeh.The previous month, annual inflation was running at 25.3 percent.
President Mahmoud Ahmadinejad has been blamed by many economists for directly fuelling the price rises by ploughing huge amounts of cash into the economy to fund local infrastructure projects.
Sunday, July 6, 2008
Iranian inflation hits 26 percent
Iran are pushing ahead with building a nuclear bomb, but can not keep a lid on inflation.
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1 comment:
iranininies buiding a bomb ?
What from inflation.
Few other ninies believe the paranoia bomb story not even the CIA .
But the Yanks and Poms and OZ have claimed the magical ability to find weapons of mass destruction everywhere.
The big W/M/D in the UK appears o be Brown and hidden in the PMs palace.
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