FLAME ON :

Iran's Annual Inflation Rate Hits 15.9 Percent (TEHRAN TIMES, 8/20/02)

The Consumer Price Index (Inflation Index) in Iranian urban areas reached 199.8 points by end of Khordad (June 20) this year. It indicates an annual inflation rate of 15.9 ending in Khordad.

According to figures issued by the Central Bank of Iran (CBI), the CPI average in the first three months of this year reached 196.4, showing 12 percent increase compared to a year before.

This is a story to watch because hyperinflation could be the match that sets the Middle Eastern tinderbox afire. Posted by Orrin Judd at August 20, 2002 7:31 PM