Iran inflation may exceed 40 percent
Head of Export Commission of Iran's Chamber of Commerce, Industries and Mines warned that the government needs to postpone implementation of the second phase of subsidy reform plan to next Iranian calendar year (to start on March 21, 2015). Assadollah Asgaroladi said that considering the current situation and the rising trend of US dollar exchange rate in the free market, the country's inflation may even exceed 40 percent, Iran's Mehr News Agency reported. "The price of USD is on the rise at the free market. If the government decides to ...
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