The annual inflation rate in Iran increased to 39.3 percent in May 2022 from 35.6 percent in the previous month, reaching the highest level since last September, mainly boosted by faster rises in prices of housing & utilities (29.6% vs 28.1), food & non-alcoholic beverages (49.6% vs 43.5%), and transport (42.0% vs 35.8%). At the same time, prices rose more for recreation & culture (29.2% vs 27.5%), communication (7.6% vs 4.4%), tobacco (40.4% vs 39.5%), furniture & household equipment (30.0% vs 28.8%), clothing & footwear (46.8% vs 45.2%), miscellaneous goods & services (33.2% vs 30.6%), and health (32.6 vs 30.2%). On a monthly basis, consumer prices went up 3.5 percent in May, the most in seven months, accelerating from a 3.3 percent gain in April. source: Statistical Center of Iran
Inflation Rate in Iran averaged 15.33 percent from 1957 until 2022, 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 2022.
Inflation Rate in Iran is expected to be 41.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iran Inflation Rate is projected to trend around 30.00 percent in 2023, according to our econometric models.