The annual inflation rate in Iran surged to 36.9 percent in October of 2018 from 31.4 percent in the previous month. It is the highest inflation rate since September of 2013. Prices increased faster for all main categories: housing & utilities (12.8 percent from 12.3 percent in September); food & beverages (55.9 percent from 46.5 percent); transport (58.6 percent from 54.9 percent); furniture & household equipment (71.8 percent from 52.6 percent); clothing & footwear (39.3 percent from 28.1 percent); health (19.1 percent from 17.1 percent); recreation & culture (80 percent from 70 percent); education (19.1 percent from 14.5 percent); restaurant & hotels (28.2 percent from 23.7 percent); communication (49.1 percent from 43.2 percent); tobacco (165.3 percent from 125.6 percent), and miscellaneous goods & services (59 percent from 43.4 percent). On a monthly basis, consumer prices rose 4.6 percent, following a 6.1 percent gain in September. Inflation Rate in Iran averaged 13.92 percent from 1957 until 2018, 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 32.00 in 12 months time. In the long-term, the Iran Inflation Rate is projected to trend around 18.00 percent in 2020, according to our econometric models.