Iran

[Shahab3]

Iran’s inflation rate hits 33.9%

TEHRAN, Aug. 6 (MNA) – The Statistical Center of Iran has announced that the inflation rate for the 12-month period ended the fourth Iranian calendar month of Tir (July 22, 2013) compared to the same period in the previous year hit 33.9 percent.
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In April, the International Monetary Fund reported that Iran's economy contracted by 1.9 percent in 2012 and is expected to shrink by 1.3 percent this year.
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