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campaign to drive Iran’s lifeline oil exports to zero. The road ahead could therefore be that much more torrid.
The president wants the scrapping of unnecessary and redundant regulations and the relaxation of rules for inward investment where possible.
Iran‘s Cultural Heritage, Handicrafts and Tourism Organisation (CHHTO) has been tasked with attracting more inbound visitors by whatever means are necessary and feasible.
Rouhani also called on agriculture officials to make the country more self-sufficient in the production of vegetables and meat. However, where imports are necessary to protect the population from shortages, they must be continued with, he added.
Iran’s industrial production index fell 0.5% in the third quarter of 2018, down from 6.5% y/y in the previous quarter and 5.7% y/y in the first quarter, ​CEIC data showed. Major industrial production includes oil, petrochemical products and automobiles.
4.2​ Inflation 4.2.1​ CPI dynamics
Iran’s CPI inflation in 12 months to Jan 21 falls 1.4pp to 38.6%
Iran’s official consumer price index (CPI) inflation was 38.6% in the 12 months to January 21 (the end of the 10th Persian calendar month, Dey) down from the previous 12-month reading of 40.0% to December 21, according to data released by the Statistical Centre of Iran (SCI).
The latest figure marked the first time in six months that the inflation reading fell below the 40% threshold.
Food and beverage prices in the 12 months to January 21 climbed 52.4%. Some foodstuffs, such as vegetables, herbs and various meats, recorded rises of around 70%.
Iran’s economy has been battered by US sanctions since Donald Trump pulled Washington out of the nuclear deal in May 2018 and switched back to a heavy sanctions regime. The Iranian rial (IRR) has dropped around fourfold against major currencies.
14​ IRAN Country Report April 2020 www.intellinews.com