Iran inflation hits 26.4%
Iran: Saturday, July 05 - 2008 at 08:16
Iran's annual inflation went up to 26.4% as consumer prices continued to climb steadily, Reuters has reported. Iran's central bank has announced consumer prices hiking by by 2.2%, Mehr News agency has cited. Analysts say inflation is blamed on the nuclear standoff, making foreign firms wary of investing in Iran.
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Medilyn Manibo, Assistant News EditorSaturday, July 05 - 2008 at 08:16 UAE local time (GMT+4)
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