Inflation in Iran

Iran Inflation | Economic News & Forecasts

Iran - Inflation

The economy is set to sink deeper into recession after the Trump administration recently announced it would not extend waivers on Iranian oil exports which expired on 1 May. The move will hit the already-embattled external sector, crippling exports and depressing business confidence. Even before the waivers expired, shipments of seaborne crude oil exports fell below 1 mbpd in April, while crude oil production decreased in March, bringing the average for Q1 down notably compared to Q4 of last year. To make matters worse, recent flooding has caused more than USD 2 billion of damages, according to government officials. Trump’s announcement also triggered another depreciation of the rial in the parallel market, which could stoke already sky-high inflation.

Iran - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)34.7  15.6  11.9  9.0  9.6  

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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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