Iran’s inflation rate has climbed to about 14 percent in the Persian calendar month ending April 20, the Central Bank of Iran Governor Mahmoud Bahmani says.
He said inflation for the month of Farvardin rose to about 14 percent, from 12.4 percent one month earlier, IRNA reported.
Bahmani further dismissed forecasts about an inflation boom during the current Iranian month of Ordibehesht, which began on April 21.
Some economists say prices could soar as a result of the government removing subsidies on essentials such as food and fuel.
The first phase of the plan began in December and eliminates USD 20 billion of subsidies on food, gasoline, electricity and natural gas.
Gasoline prices and utility bills have soared since the start of the subsidy reform plan
