Iran's inflation rate tops 25 percent
09-03-2009
Inflation, one of the biggest challenges facing oil-rich Iran, hit 25.9 percent last month, local news agencies have reported. The figure was up from 24 percent in January. However, the rate is still lower than the September 2008 peak of 29 percent. Central bank officials have cited growth in the money supply as the prime factor for the surge in inflation, along with rising global prices.
