Iran's inflation rate hits 21.5 percent
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Tehran Times - 09 April, 2012
http://gitm.kcorp.net/index.php?id=596836&news_type=Economy&lang=en

The Central Bank of Iran announced on Sunday that inflation rate stood at
21.5 percent in the last month of the past calendar year (ended on March
19), IRNA news agency reported.

This is while an official with the Central Bank of Iran said on March 4 that
Iran's inflation rate will not exceed 21 percent during the remainder of
this calendar year.

Abolfazl Akrami told Fars news agency that the inflation rate is currently
declining.

The Subsidy Reform Plan has reduced Iran’s unemployment rate and helped
maintain its economic growth this year despite speculation by some analysts
of a surge in inflation, finance and economic affairs minister Shamseddin
Hosseini said on February 17.

The plan, launched in December 2010, allows the Iranian government to
gradually slash subsidies on fuel, electricity, and certain goods over the
course of five years, with low-income families being compensated with direct
cash handouts.