The annual inflation rate in Iran declined to 46.9 percent in May 2021, the least since January, from 49.5 percent in the previous month, due mainly to softer rise in prices of food & non-alcoholic beverages (61.5% vs 63.5%), housing & utilities (28.6% vs 29.8%), and transport (46.9% vs 56.3%). Also, prices rose less for furniture & household equipment (67.6% vs 71.3% in April), clothing & footwear (55.3% vs 55.6%), recreation & culture (57.4% vs 61.7%), miscellaneous goods & services (50.6% vs 53.4%), communication (13.8% vs 19.4%), tobacco (46.6% vs 47.9%), and health & medical services (43.5% vs 44.3%). Meanwhile, prices continued to increase for restaurants & hotels (60.8% vs 58.1%). On a monthly basis, consumer prices went up 0.7 percent in May, the least since September 2019, easing from a 2.7 percent growth in April. source: Statistical Center of Iran
Inflation Rate in Iran averaged 14.91 percent from 1957 until 2021, 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 June of 2021.
Inflation Rate in Iran is expected to be 38.00 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 2.00 in 12 months time. In the long-term, the Iran Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.