The annual inflation rate in Iran increased to 26.9 percent in July 2020, the most since December last year, from 22.5 percent in the previous month. Inflation accelerated for most categories: food & non-alcoholic beverages (20.9% vs 14.9% in June); housing & utilities (24.6% vs 21.7%); transport (55.9% vs 48.6%); furniture & household equipment (31.2% vs 26.6%); miscellaneous goods & services (29.8% vs 25.3%); communication (10.3% vs 7.0%); clothing & footwear (31.0% vs 28.0%); restaurants & hotels (21.3% vs 17.9%); recreation & culture (30.1% vs 26.5%), and tobacco (23.8% vs 16.0%). Meantime, prices of health & medical services continued to rise (23.3% vs 24.0%). On a monthly basis, consumer prices rose 6.4 percent in July, the most since May 1995.
Inflation Rate in Iran averaged 14.55 percent from 1957 until 2020, 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 August of 2020.
Inflation Rate in Iran is expected to be 30.00 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 25.00 percent in 2021, according to our econometric models.