Iran Aug inflation rises to 27.6 pct yr/yr
Reuters
05-Sep-2008 (2 comments)

Critics say profligate spending of petrodollars, combined with interest rates well below inflation, has further fuelled price pressures: Iran's annual inflation rate jumped by 1.5 percentage points to 27.6 percent in August compared with the previous month, the central bank said. Rising prices and the government's economic management in the world's fourth-largest oil producer are likely to be a major battleground in next year's election when President Mahmoud Ahmadinejad is expected to run for a new term. The central bank said on its website www.cbi.ir that consumer prices rose by 1.8 percent in the Iranian month that ended on Aug. 21, pushing up the year-on-year rate to 27.6 percent.

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Khomeini's statment

by Anonymous1.1 (not verified) on Fri Sep 05, 2008 06:48 PM PDT

is right, Economy is for Mahmood. It's why he's so stuck in.


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Reuter is reapeating what I said 100 times

by Amir Nasiri (not verified) on Fri Sep 05, 2008 03:23 PM PDT

For years I have provided the readers o Iranian.com with the inflation and unemployment figures.

Now international newspaper are showing interest in the ill Iranian economy.

It is 3 decades that this government has handled the economic aspects of the country very poorly.

The country and its resources are mismanaged by a elite corrupt officials whose sole purpose is to fill up their pockets and save the money in UAE banks and other foreign banks.

Iran's economy is at stage that is beyond repair.

The only way we can fix Iran is by replacing this corrupt and mismaneged governmnet.


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