19% reduction in inflation in the last 11 months

According to the report of Iran Economist, Peyman Ghorbani, deputy economic director central bank In the 21 news program of One Sima channel, he said about the 19% decrease in inflation in the last 11 months: The country’s inflation rate was 59.3% in September of last year and it decreased to 40.1% at the end of August this year.

He continued: The decrease in the inflation rate does not mean that goods become cheaper, but the decrease in this rate means that the rate of increase in the price of goods has decreased. Since 1315, the central bank has been the only source of official announcement of the inflation rate.

Ghorbani emphasized: According to the actions of the 13th government in March of last year, the inflation rate has reached 29.5 percent. The inflation rate has increased in the early months of this year due to the implementation of the popularization plan of subsidies, which was not related to the performance of the 13th government. The inflation rate of the implementation of this plan was about 10 percent. The increase in prices during the implementation of this plan was temporary and in the months of July and August, this effect was greatly reduced.

The economic vice president of the Central Bank stated: The monthly inflation rate in may It was 5.1%, 10.6% in June, 4.3% in July and 2% in August.

Referring to the reasons for the decrease in inflation in the 13th government, he added: the most important actions of the central bank have been to control the monetary base, reduce liquidity growth and curb inflation. In this regard, growth Monetary base In the first 4 months of last year, it was 42.6 percent and in the first 4 months of 2011, it was about 26.2 percent.

Ghorbani continued: Management of monetary base, control of banks’ balance sheets, governance of Rial, appropriate management of the interbank market and regulation of the relationship between the government and the central bank are among the most important actions of the central bank in the past 11 months, and the absolute rate of growth of the monetary base in the first 4 months of 2014 , was 58 thousand billion tomans and during the same period this year it has decreased to 49 thousand billion tomans.

The economic vice president of the Central Bank stated: The actions of the Central Bank will continue to reduce inflation in the country. Establishing stability and peace in the currency market has been one of the other actions of the central bank, which has also had an impact on reducing inflation.

He said: The increase in the country’s foreign exchange income, the decrease in inflation and the increase in people’s income in the coming months will improve their living conditions.