Iran’s annual inflation rate stood at 10.8 per cent in the past Iranian calendar year, ended 20 March, 2010, compared to 25.4 per cent for the March 2008-2009 year, according to data released by the central bank on 5 April.

The Central Bank of Iran (CBI) data also showed that inflation posted a 10.4 per cent year-on-year increase for the month of March, after having recorded an upward trend over the last three months.

The index price for consumer goods and services in urban areas increased by 1.8 per cent in December 2009, compared to the previous month, revealed the data.

The average inflation rate from March 2009-10 stood at 11.3 per cent compared to 13.5 per cent in the previous year.