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Iran's Inflation Rate Topped 48% in December

FILE - A man withdraws Iranian Rial notes from an automated teller machine in the capital Tehran on July 31, 2018.

Iran's statistics agency reported last month that inflation in December hit 48.5% compared to the same time a year earlier.

With that figure, the Statistical Center of Iran put inflation for the first nine months of the year at 45% overall.

According to World Bank data, the last time Iran had an inflation rate that high was in 1995, when it hit 49.7%.

The December inflation figure was slightly higher than in November when the Statistical Center of Iran reported inflation at 48.1% compared to the same month the prior year.