The annual inflation rate in Iran jumped to 39.9 percent in November 2018 from 36.9 percent in the previous month. It was the highest inflation rate since September 2013, as prices increased faster for: housing & utilities (14.5 percent vs 12.8 percent in October); food & beverages (59.9 percent vs 55.9 percent); furniture & household equipment (83.1 percent vs 71.8 percent); clothing & footwear (48.5 percent vs 39.3 percent); health (19.6 percent vs 19.1 percent); recreation & culture (86.5 percent vs 80 percent); education (24.2 percent vs 19.1 percent); restaurant & hotels (31.7 percent vs 28.2 percent), and miscellaneous goods & services (67.6 percent vs 59 percent). Meanwhile, transport inflation was steady at 58.6 percent and prices rose softer for both communication (45 percent vs 49.1 percent) and tobacco (150.8 percent vs 165.3 percent). On a monthly basis, consumer prices climbed 3.5 percent in November, following a 4.6 percent jump in October. Inflation Rate in Iran averaged 13.99 percent from 1957 until 2018, 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.
Inflation Rate in Iran is expected to be 45.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Iran to stand at 32.00 in 12 months time. In the long-term, the Iran Inflation Rate is projected to trend around 18.00 percent in 2020, according to our econometric models.