TEHRAN (AFP) - Iran's inflation hit 27.6 percent in the calendar month of Mordad that ended August 21, the central bank said Sunday, as Iranians were again battered by rising prices of basic foodstuffs and goods. The consumer price index (CPI) in urban areas increased by 27.6 percent compared to the same month in the previous year, the Etemad newspaper quoted the bank as saying. The figures confirm that prices are on an upward trajectory in the nation of 70 million people, with the poor hit the hardest.
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