The average annual Consumer Price Index for the transportation sector increased by 46.5% in the 12-month period ending April 19, which marks the end of the first month of the current Iranian year, compared to last year's corresponding period.
According to the Statistical Center of Iran, With a coefficient of 9.41%, the CPI stood at 242.9%, indicating a 1% increase compared with the month before. The transportation index registered a year-on-year increase of 47.4%.
The data released by the Statistical Center of Iran (SCI) show that transportation had the biggest increase in the expenditure basket of Iranian households in the previous Iranian calendar month of Tir (June 21-July 21) compared to the same month last year.
Prices for flat-rolled steel imported into South America continued to recover during the week to Friday June 12 as more increases were issued - mainly by Chinese and Japanese mills - for August-shipment cargoes.
Indian miner Vedanta Ltd reported a net loss of 125.2 billion rupees ($1.7 billion) for the fourth quarter of its financial year, compared with a profit of 26.15 billion rupees in the same period a year earlier.
The gold price jumped by almost $30 an ounce on Thursday clearing the $1,700 an ounce level as retail and institutional investors continue to pile into the metal seen as a safe haven in times of turmoil.
An official with the National Iranian Gas Company (NIGC) says that Turkey has so far adhered to its gas deal with Iran.
Head of Trade Promotion Organization (TPO) of Iran says the Islamic Republic of Iran Shipping Line (IRISL) accounts for 22 percent of the country’s cargo transportation, adding that TPO is ready to cooperate with IRISL to increase this share in order to develop non-oil exports.