The annual inflation rate in Iran increased to 46.2 percent in January 2021 from 44.8 percent in the previous month, mainly due to a faster rise in prices of both housing & utilities (27.5% vs 26.1% in December 2020) and food & non-alcoholic beverages (60.0% vs 58.0%). Also, inflation accelerated for furniture & household equipment (64.1% vs 59.6%); miscellaneous goods & services (47.3% vs 45.2%); clothing & footwear (47.0% vs 44.4%); restaurants & hotels (38.1% vs 36.6%); recreation & culture (54.9% vs 52.5%); tobacco (54.5% vs 53.2%), and health & medical services (36.5% vs 34.5%). Meanwhile, prices continued to increase for transport (62.5% vs 65.2%); communication (24.0% vs 24.5%). On a monthly basis, consumer prices were up 1.8 percent in January, the least since March last year, after a 2.0 percent gain in December. source: Statistical Center of Iran
Inflation Rate in Iran averaged 14.72 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 February 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 25.00 in 12 months time. In the long-term, the Iran Inflation Rate is projected to trend around 25.00 percent in 2022, according to our econometric models.