Central Bank sees inflation rate below 20% in Iran

TEHRAN, Nov.29 (MNA) --The Central Bank of Iran governor Mahmoud Bahmani predicted that inflation rate would remain below 20 percent for the eighth calendar month of Aban (ended November 21), saying that the inflation rate will be officially announced by December 1. The country's inflation rate increased by 0.8 percent to stand at 19.1 percent in the end of the seventh Iranian month of Mehr, Bahmani said. The CBI chief further said that the country's inflation growth rate will decline in the coming months. He put last year's inflation rate at 12.4 percent.