Inflation Rate Below 10%
Inflation rate in Iran has dropped to 9.5%, announces the Center of Statistics of Iran on Tuesday. Right at the end of the presidency of Mr. Ahmadinejad in September 2013, inflation rate was 35%. If the inflation remains below 10% for the current year, it will be a great achievement for the Government as it has only happened twice in the history of the Islamic Republic of Iran that inflation rate was below that figure.
The highest inflation rate experienced in the Iranian history, is 110.5% during the second worldwar, i.e. March 1943-1944.
Read More: A Quick History On Inflation Rate in Iran
Source: Central Bank of Iran
Peugeot: Officially in Iran Again
IKAP is the name of the joint firm of Iran Khordo and Peugeot, officially inaugurated this week. The joint venture is said to be 50-50 and so far 17 subsidiary contracts have been signed between the two companies. The first product, Peugeot 2008 at a tentative price of 700 to 800 million Iranian Rials ($20 K to $23 K) is to enter the market by March 2017.
During the inauguration of IKAP, Mr. Nematzadeh, Minister of Industry and Trade, said that another joint venture between Iran Khodro Diesel, a daughter company of Iran Khordo, and a German car-maker will be signed within the next month, but he refused to name the company.
How much one-minute phone-conversation costs in Iran?
Telecommunication tariffs in Iran is increased by 50%, finally confirms Mahmoud Vaezi, Minister of ICT of Iran. The previous tariff for one-minute conversation on the fixed line was 30 IRR (0.0009 USD); in another word, 1000 minutes of conversation would cost 0.9 USD. New prices will be 45 IRR for each minute. The price for buying and installation of a new fixed phone line, however, have been five times folded, reaching 2.5 million IRR (72 USD), from previously 14.4 USD.
Ream More on Telecommunication Operators in Iran
Sources: Ministry of Information and Communication Technology of Iran
