News ID: 255554
Published: 0336 GMT July 09, 2019

Minister: Iranian government will control, reduce inflation

Minister: Iranian government will control, reduce inflation

Domestic Economy Desk

The Iranian government will bring inflation under control and prevent it from going up by using all its tools and facilities, developing effective policies and taking macroeconomic measures, said the minister of economic affairs and finance on Tuesday.

“There are two types of inflation rates: Point to point inflation and average annual one. As announced by Iranian Government spokesman Ali Rabiei and the head of Plan and Budget Organization of Iran, Mohammad Baqer Nobakht, Iran’s monthly inflation has declined,” Farhad Dejpasand said speaking on the sidelines of a ceremony to commemorate the International Day of Cooperatives, marked annually on July 6, IRNA reported.

This declining trend reflected by Iran’s monthly inflation rate shows that the government is moving toward controlling inflation.

Commenting on Iranian cooperatives’ 6.7 percent share of the country’s economy, the minister noted that, “The government and the cooperatives, themselves, play the main role in increasing this share.”

He said the role assumed by the government involves drawing up plans in the Ministry of Cooperatives, Labor and Social Welfare and Ministry of Economic Affairs and Finance draw in a way to prepare the ground for the increase in the cooperatives’ share of the domestic economy, adding on the other hand, the cooperatives, themselves, are required to diversify their fields of activities to receive a bigger share.





Resource: IRNA
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