Inflation in Iran

Iran Inflation | Economic News & Forecasts

Iran - Inflation

Economic conditions likely remain relatively frail in SH 2021 (March 2021–March 2022) due to ongoing U.S. economic sanctions, but an extremely low base effect should be supporting growth. Oil production continued to rise in Q2 SH 2021 (July–September), averaging at the highest level since Q4 SH 2018. This, combined with higher oil prices, should have supported the energy sector and public finances. Meanwhile, non-oil exports posted solid cumulative growth in July, while cement output remained upbeat in August—following the inauguration of the nation’s largest cement production line at the start of the quarter. Turning to Q3 SH 2021, conditions are likely improving in sequential terms as declining new Covid-19 cases throughout October resulted in looser restrictions, which should be stoking domestic activity.

Iran - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)11.1  6.9  8.2  26.9  34.8  

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Iran Inflation Chart

Iran Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bank of Iran.

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