Iranian officials said the impact of rising fuel prices on inflation is over-emphasized

Iran's Financial Tribune reported on January 4 that Iranian Finance Minister Hossein Mirshojaiyan said on the 3rd that some economists are worried that the fuel price increase plan will push up the inflation rate by 8% Forecasts are likely to be overstated, he said, fuel prices rose 50%, that is, gasoline prices to 15,000 riyals / liter (34.8 cents), diesel prices to 0.4 million riyals / liter (9.3 cents), the largest Will push inflation higher by 1.5%; Iran's plan and budget organization, Iran's central bank forecast of 2%.

Mohammad Reza Pour-Ebrahimi, chairman of Iran's Parliamentary Economic Council, put forward a different view: "The rise in energy prices leads to higher final costs for industry, especially in the energy-intensive sectors." He pointed out that rising fuel prices Will affect inflation expectations and have a direct or indirect impact on people's living expenses. The parliament is likely to maintain the same fuel price, saying: "Inflation expectations are more devastating than inflation itself. The government is merely proposing the idea of ​​rising fuel prices, But we've already seen some of the prices of goods and services start to change. '

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