Inflation in Iran

Iran Inflation | Economic News & Forecasts

Iran - Inflation

Prospects for the economy appeared to darken in recent weeks, as tensions with the U.S. rose following the U.S. assassination of Major General Qasem Soleimani and retaliatory missile strikes by Iran. This has generated further economic uncertainty, led to fresh U.S. sanctions, and raised the prospect of more conflict going forward, likely weighing on business sentiment. Meanwhile, crude oil production continued to contract at an alarming rate in December, suggesting the energy sector remained in the doldrums. Moreover, still-high inflation continues to hamper consumers’ purchasing power. On a brighter note, domestic activity likely benefitted from a dip in the unemployment rate in June–September, and solid steel production.

Iran - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)32.7  14.6  11.1  6.9  8.3  

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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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