The annual inflation rate in Iran slowed to 52.2 percent in August 2022 from 54.0 percent in the previous month. It was the lowest inflation rate since May, as food & non-alcoholic beverages inflation eased to a three-month low of 81.2% in August from 87% in July, which was the highest rate since at least 2012. Inflation also eased for transport (38.4% vs 41.7% in July), recreation & culture (31.4% vs 31.9%), clothing & footwear (48.6% vs 49.0%), miscellaneous goods & services (37.2% vs 37.6%). Meanwhile, prices continued to rise for housing & utilities (32.2% vs 31.4%), communication (11.0% vs 10.8%), tobacco (48.1% vs 46.7%), furniture & household equipment (37.1% vs 37.0%), and health (39.6% vs 36.6%). On a monthly basis, consumer prices climbed 2.0 percent in August, the least in four months, easing from a 4.6 percent rise in July. source: Statistical Center of Iran
Inflation Rate in Iran averaged 15.48 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 February of 2023.
Inflation Rate in Iran is expected to be 47.00 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 25.00 percent in 2024 and 20.00 percent in 2025, according to our econometric models.