The annual inflation rate in Iran declined to 50.4 percent in June 2019 from 52.1 percent in the previous month, as prices increased softer for: food & beverages (74.1 percent vs 81.7 percent in May); transport (60.0 percent vs 62.4 percent); furniture & household equipment (83.0 percent vs 83.2 percent); recreation & culture (75.6 percent vs 75.7 percent); miscellaneous goods & services (57.6 percent vs 58.9 percent); communication (35.9 percent vs 36.7 percent), and tobacco (109.6 percent vs 119.6 percent). Meanwhile, prices rose faster for: housing & utilities (26.6 percent vs 25.4 percent); clothing & footwear (61.3 percent vs 60.8 percent); health (29.6 percent vs 28.6 percent); restaurant & hotels (50.8 percent vs 50.3 percent). On the other hand, education inflation was steady at 21.3 percent. On a monthly basis, consumer prices went up 0.8 percent in June, easing from a 1.5 percent gain in May. 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.