The annual inflation rate in Iran jumped to 31.4 percent in September of 2018 from 24.2 percent in the previous month. It is the highest inflation rate since November of 2013. Prices advanced faster for all main categories: housing & utilities (12.3 percent from 11.6 percent in August); food & beverages (46.5 percent from 35.9 percent); transport (54.9 percent from 35.9 percent); furniture & household equipment (52.6 percent from 37.5 percent); clothing & footwear (28.1 percent from 19.5 percent); health (17.1 percent from 15.2 percent); recreation & culture (70 percent from 51.6 percent); education (14.5 percent from 14.2 percent); restaurant & hotels (23.7 percent from 16.9 percent); communication (43.2 percent from 23.5 percent); tobacco (125.6 percent from 114.4 percent) and miscellaneous goods & services (43.4 percent from 32.7 percent). On a monthly basis, consumer prices climbed 6.1 percent, following a 5.5 percent rise in August. 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.