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Tehran puts inflation at 10.3%
- Iran: Tuesday, July 11 - 2006 at 08:04
Iran's economy minister has put the country's inflation rate at 10.3%, less than the central bank's figure of 12.1% between March 2005 and March 2006, reported Gulf Daily News. But experts say prices may be rising up to double that figure, with economists warning of possible hyperinflation if the country continues to increase liquidity in the economy on the back of huge crude earnings.
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James McInerney, News EditorTuesday, July 11 - 2006 at 08:04 UAE local time (GMT+4)
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