Financial Tribune

Iran’s monthly inflation hits record high

New data released by the Statistical Center of Iran confirms inflation has reached an unprecedented level.

Macro Economy

Iran’s air traffic surges significantly following ease of COVID restrictions

Passenger traffic in Iranian airports registered a year-on-year rise of 51% in the current fiscal year’s two months (March 21-May 21), as 5.38 million passengers were flown internally by Iranian airlines.

Macro Economy

Iran’s wheat output to rise 44% to 13m tons in 2022: FAO

The Food and Agriculture Organization of the United Nations has forecast Iran’s wheat production to increase to 13 million tons in 2022 from an estimated 9 million tons in 2021, which will mark a 44% rise.

Agriculture and Environment

Iran’s four-month trade with US up 46% to $18.2 million

Iran’s trade with the US reached $18.2 million in the first four months of 2022 to register a 46.77% growth compared with the year before.

Trade

Brazil tops list of Iran’s Latin American trade partners

The latest data released by the Islamic Republic of Iran Customs Administration show that Brazil is Iran’s top trade partner in Latin America.

Trade

Iran’s four-month trade with China up 16% YOY

Iran’s trade with its leading commercial partner, China, reached $5.03 billion in the first four months of 2022, registering a 16% growth compared with the year before.

Trade

World Bank forecasts 3.7% GDP growth for Iran in 2022

A new report released by World Bank expects Iran’s economy to grow 3.7% in 2022.

Macro Economy

Iran’s food inflation near 50% YOY in month to late May

The average annualized food inflation stood at 49.6% in the month to May 21, latest data released by the Statistical Center of Iran show.

Macro Economy

Two Iranian airlines to launch flights to Oman

Two Iranian airlines, namely the flag carrier IranAir (Homa) and Karun, have received permits from the Oman Civil Aviation Authority to launch direct flights to the Sultanate.

Transportation

Iran’s four-month steel output down 8.9%

Iranian steel mills produced a total of 9.1 million tons of crude steel in the first four months of 2022, registering an 8.9% decline compared with the corresponding period of 2021.

Mine and Industry