The Latest from Iran (13 May): Tehran's Falling Oil Exports

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1505 GMT: Economy Watch. Economist Saeed Laylaz has rejected the President's claims that Iran's price rises are due to global inflation, saying the most important factor is the Government.

Laylaz said inflation had fallen from 26-30% in 2008-2009 to 20% in 2011-2012, but he noted that production has sharply declined and is now the biggest threat to the economy.

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