The annual inflation rate in Iran jumped to 51.4 percent in April 2018 from 47.5 percent in the previous month. It was the highest inflation rate since December 1995, as prices increased faster for: housing & utilities (25.3 percent vs 24.3 percent in March); food & beverages (84.4 percent vs 73.2 percent); furniture & household equipment (80.1 percent vs 78.3 percent); clothing & footwear (57.8 percent vs 55.5 percent); health (27.2 percent vs 25.3 percent); restaurant & hotels (48.1 percent vs 41.6 percent); miscellaneous goods & services (57.3 percent vs 54.6 percent), and education (21.2 percent vs 21.1 percent). Meantime, prices rose softer for: transport (52.5 percent vs 54.9 percent); recreation & culture (72.0 percent vs 73.4 percent), and tobacco (123.4 percent vs 125.0 percent) while inflation was steady for communication (at 37.5 percent). On a monthly basis, consumer prices climbed 4.0 percent in April, following a 3.9 percent rise in March. 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 40.00 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 35.00 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.