Iran's official inflation climbs to 21.5 pct
Iran's official inflation rate has almost doubled over the past year as prices are driven up by budget reforms, a weak currency and international sanctions, according to new data which could add to criticism of President Mahmoud Ahmadinejad.
Inflation in urban areas was 21.5 percent for the last Iranian year which ended on March 19, the central bank said in a statement on Sunday. Prices of goods and services rose 12.4 percent during the preceding year, according to figures previously released by the bank.
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