The annual inflation rate in Iran declined to 43.2 percent in August, the lowest since last October, from 43.6 percent in the previous month, due mainly to softer rise in prices of both housing & utilities (24.3% vs 25.0%) and transport (44.3% vs 46.4%). Also prices increased less for clothing & footwear (54.8% vs 55.4%), miscellaneous goods & services (42.8% vs 45.2%), communication (7.3% vs 8.0%), recreation & culture (45.2% vs 48.9%), furniture & household equipment (54.2% vs 59.6%), health & medical services (43.7% vs 44.2%), and tobacco (32.4% vs 37.8%). Meantime, prices continued to rise for both food & non-alcoholic beverages (59.2% vs 57.4%) and restaurants & hotels (63.1% vs 62.3%). On a monthly basis, consumer prices were up 3.2 percent in August, easing from a 8-month high of 3.5 percent in July. source: Statistical Center of Iran
Inflation Rate in Iran averaged 15.07 percent from 1957 until 2021, reaching an all time high of 59.02 percent in May of 1995 and a record low of -3.27 percent in April of 1958. This page provides the latest reported value for - Iran Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iran Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Inflation Rate in Iran is expected to be 21.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iran Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.