{"id":12811,"date":"2013-02-08T18:31:34","date_gmt":"2013-02-08T18:31:34","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/issues\/economy\/12811-iranian-regimes-lying-on-inflation-statistics"},"modified":"2013-02-08T18:31:34","modified_gmt":"2013-02-08T18:31:34","slug":"iranian-regimes-lying-on-inflation-statistics","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/economy\/iranian-regimes-lying-on-inflation-statistics\/","title":{"rendered":"Iranian regime\u2019s lying on inflation statistics"},"content":{"rendered":"

NCRI – The Iranian regime\u2019s Central Bank has predicted that the inflation rate by the end Iranian New Year on March 20 would hit 32 percent, the state-run news agency Mehr reported on Friday.\u00a0 This is while according to independent economists, the true inflation rate is over 100 percent.<\/p>\n

The French economic daily Les Echo reported on February 5 that according to a classified report by the Majlis Research Center of the Iranian regime\u2019s Parliament the inflation rate has reached to 88 percent in the past 12 months.
Steve H. Hanke, a Johns Hopkins University economics professor and senior fellow at the Cato Institute<\/a>, Washington research group, who has been following Iran\u2019s economy, said in a report that that the official inflation rate reflected what he called the Central Bank\u2019s \u201chabit of failing to release useful economic data, and what it does release often has what I would describe as an \u2018Alice in Wonderland\u2019 quality.\u201d
\u201cEver since hyperinflation briefly reared its head, back in October, the Iranian government has tried to prop up its faltering currency and stop its economy\u2019s death spiral through force and deception,\u201d\u00a0 Mr. Hanke wrote in an article titled \u201cIran\u2019s Lying Inflation Statistics,\u201d published in Cato Institute website.<\/p>\n

According to the calculation that was done by using objective, market-based data Mr. Hanks believes the true rate of inflation is a whopping four times higher than the official reported rate.<\/p>\n

According to Mr. Hanke\u2019s calculations, Iran\u2019s inflation rate last year was 110 percent.<\/p>\n

Related Stories:<\/strong><\/p>\n

Iran: What is the true inflation rate? <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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