The annual inflation rate in Iran increased to 27.8 percent in December 2019 from 27.0 percent in the previous month. Prices went up faster for: transport (50.2 percent vs 33.4 percent in November); miscellaneous goods & services (25.7 percent vs 24.9 percent); communication (2.8 percent vs 1.7 percent); health & medical services (24.7 percent vs 24.2 percent); and tobacco (6.0 percent vs 1.5 percent). Meantime, prices rose softer for: food & non-alcoholic beverages (28.7 percent vs 29.8 percent); housing & utilities inflation (22.5 vs 23.5 percent); clothing & footwear (34.5 percent vs 36.1 percent); furniture & household equipment (31.3 percent vs 35.6 percent); recreation & culture (29.5 percent vs 30.2 percent); restaurants & hotels (35.3 percent vs 36.4 percent); and education (21.3 percent vs 22.3 percent). On a monthly basis, consumer prices rose 3.2 percent in December. Inflation Rate in Iran averaged 14.43 percent from 1957 until 2019, 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.
Inflation Rate in Iran is expected to be 45.00 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 30.00 in 12 months time. In the long-term, the Iran Inflation Rate is projected to trend around 25.00 percent in 2020, according to our econometric models.