The annual inflation rate in Iran declined to 41.6 percent in August 2019 from 48.0 percent in the previous month. This was the lowest inflation rate since January, as prices increased softer for: food & non-alcoholic beverages (57.4 percent vs 71.9 percent in July); housing & utilities (24.0 percent vs 24.7 percent); transport (46.0 percent vs 56.6 percent); clothing & footwear (55.2 percent vs 60.0 percent); furniture & household equipment (71.3 percent vs 80.2 percent); recreation & culture (65.9 percent vs 73.8 percent); miscellaneous goods & services (49.8 percent vs 55.4 percent); communication (27.3 percent vs 32.7 percent); health & medical services (27.9 percent vs 29.7 percent); restaurants & hotels (49.1 percent vs 51.9 percent); and tobacco (32.6 percent vs 68.4 percent). Meanwhile, education prices rose faster (23.3 percent vs 23.1 percent). On a monthly basis, consumer prices rose 0.6 percent in August, the least since January last year. Inflation Rate in Iran averaged 14.39 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 48.00 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 33.00 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.