Financial Tribune - The Statistical Center of Iran has put urban and rural average annual inflation rates for the month ending May 20 at 29.7% and 30.8% respectively

The average goods and services Consumer Price Index in the 12-month period ending May 20, which marks the end of the second Iranian month, increased by 29.8% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show.

SCI put the average annual inflation rate for the preceding Iranian month, which ended on April 19, at 32.2%.

The consumer inflation for the month under review (April 20-May 20) registered a year-on-year increase of 21% compared with the similar month of the previous Iranian year. The year-on-year inflation in the month ending April 19 was 19.8%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 210 last month, indicating a 2.5% rise compared with the previous month.