Cost of food in Iran increased 28.70 percent in December of 2019 over the same month in the previous year. Food Inflation in Iran averaged 22.88 percent from 2012 until 2018, reaching an all time high of 59.90 percent in November of 2018 and a record low of 1.80 percent in May of 2016.
Food Inflation in Iran is expected to be 35.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Iran to stand at 45.00 in 12 months time. In the long-term, the Iran Food Inflation is projected to trend around 50.00 percent in 2020, according to our econometric models.