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Economy of Iran

The Iran's annual inflation point rate has been single digit for the first time

Service : Economy
"The Iran's annual inflation point rate has been single digit for the first time" said Muhammad Baqer NowBakht Haqiqi during reporting the economic situation of I.R.Iran.
Wednesday, June 22, 2016 10:34:15 AM
The Iran's annual inflation point rate has been single digit for the first time

Islamic Consultative Assembly News Agency – "That is necessary to say that Statistical Center of Iran has presented a good report; a great report on prices and inflation indicators; it is as decreasing inflation rate as single digit", said Muhammad Baqer NowBakht Haqiqi - Iranian politician and economist and currently Hassan Rouhani's adviser for Supervision and Strategic Affairs, Head of Management and Planning Organization and also Spokesperson of the Government.

He continued: This achievement has been gained for the first time after long years; I thank the ministry of economic affairs and finance and central bank.

It should be recalled that this is the third time after Revolution 1979 that inflation rate become under ten percent.

The economy of Iran is a mixed and transition economy with a large public sector. Some 60 percent of the economy is centrally planned. It is dominated by oil and gas production, although over 40 industries are directly involved in theTehran stock exchange, one of the best performing exchanges in the world over the past decade. With 10 percent of the world's proven oil reserves and 15 percent of its gas reserves, Iran is considered an "energy superpower".

Tehran. Jun. Twenty second. Wednesday\ICANA

News story Translated By manager of foreign department in Islamic Consultative Assembly News Agency

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