Inflation set to rebound
Iran’s inflation will bounce back to 12-13% in the next fiscal year (starting March 21, 2017) due to the high monetary expansion rate, says economist Saeed Leylaz.
The government did not manage to bring down money supply growth rate below 30% per year, which is alarming, he noted.
“Until further notice, there is the danger of hitting double digit inflation next year,” Leylaz said.
Inflation dropped to 9.7% in recent months. It was the first time inflation fell below the 10% mark in 26 years.