The Central Bank of Iran deputy governor told IRNA that August monthly inflation slowed to 3.7%, down from a May peak of 8.5%, marking three consecutive months of deceleration. The prior inflation surge reflected effects of the war, economic blockade, rising liquidity and firmer inflation expectations, with pass-through to prices occurring with a lag. Since early June the central bank has applied monetary and prudential measures to curb accelerating inflation and said it has seen results over th

The Central Bank of Iran deputy governor told IRNA that August monthly inflation slowed to 3.7%, down from a May peak of 8.5%, marking three consecutive months of deceleration. The prior inflation surge reflected effects of the war, economic blockade, rising liquidity and firmer inflation expectations, with pass-through to prices occurring with a lag. Since early June the central bank has applied monetary and prudential measures to curb accelerating inflation and said it has seen results over the past three months; it will continue to control inflation while providing targeted financing to sectors and supply chains affected by shocks.