ID :
344425
Tue, 10/14/2014 - 14:33
Auther :

Iran’s economy out of recession: President

Tehran, Oct 14, IRNA – President Hassan Rouhani here Monday night said the government has been successful in reducing point to point inflation rate down by 31 units to 14.4 percent, adding that this is unprecedented in the history of Iran’s economy. Speaking at a televised interview, the president said that out of the inflation rate of 45% in the 12 months of the last year more than 20% has been reduced but this did not mean that prices will not go up rather the increase will be in a gentle slope. Referring to the increase in price of foodstuffs which is highly important for the people, Rouhani said if statistics of the month of Shahrivar 1392 (August/September 2013) is compared to the same period a year ago (1391) it will be realized that the inflation rate was 45% to 77% in some items in one year. “In the month of Shahrivar this year compared to the last year we had inflation but it was not 70% to 30% rather the figure for the inflation stood at maximum 12% and minimum 6% for those items.” Therefore, he further remarked, the government has controlled inflation and at the same time been able to come out of recession. He said presence of different investors in Iran and the meetings that are held outside the country on Iran’s economy are all indicative of the fact that Iran’s economy has come out of the recession, Rouhani stated. “Up to the end of the calendar year our target is to bring inflation rate below 20% although in the past we had promised the people to bring the rate down below 25%… The goal is to realize an economic growth rate of plus 3% by the end of the year and people know that we do not follow slogans and have tried to abide by our promises.”/end

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