The annual inflation rate in Iran increased to 21.0 percent in May 2020 from 19.8 percent in the previous month. Inflation accelerated for: food & non-alcoholic beverages (11.9% vs 10.7% in April); housing & utilities (21.5% vs 20.4%); transport (48.4% vs 47.4%); furniture & household equipment (25.6% vs 25.4%); miscellaneous goods & services (22.6% vs 21.8%); health & medical services (21.9% vs 20.7%); communication (6.5% vs 4.2%); and tobacco (13.9% vs 11%). Meantime, inflation eased for: clothing & footwear (27.7% vs 28.3%); restaurants & hotels (16.5% vs 18.3%); recreation & culture (24.7% vs 25.6%). On a monthly basis, consumer prices increased 2.5 percent in May, the most since last December.
Inflation Rate in Iran averaged 14.53 percent from 1957 until 2020, 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 2020.
Inflation Rate in Iran is expected to be 20.00 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 25.00 percent in 2021, according to our econometric models.