inflation

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 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

Iran raises prices of four essential food items

The Iranian government has approved major price hikes for four essential food items as part of a plan to liberalize prices by removing subsidies given to importers and suppliers and redirecting them to the households.

Society Economy

Iran’s rial falls on inflation expectations

The Iranian rial has fallen slightly against international currencies amid expectations that a new government plan to overhaul the country’s subsidy system could cause massive price hikes while speculators bet that exchange prices will rise if international talks to revive Iran’s nuclear deal fail to reach a conclusion.

Financial Markets

Iran’s annual inflation at 40.2% in late March: SCI

The Statistical Center of Iran (SCI) has reported an annual inflation rate of 40.2% for the calendar year to March 20, a decline of 3.8% against the year to March 2021.

Macro Economy

Report puts Iran’s inflation rate at 42.2% in month to late January

The Iranian government has reported a further slight decline in the country’s annual inflation rate in the calendar month to late January.

Macro Economy

Iran’s food, beverages posts 58% annual inflation

The average goods and services Consumer Price Index of “food and beverages” in the 12-month period ending Dec. 21 increased by 58.3% compared with last year’s corresponding period — the highest price rise among 12 groups of goods and services reviewed by the Statistical Center of Iran on a monthly basis.

Macro Economy

Iran inflation expected to be curbed next fiscal year

Head of Iran’s Planning and Budget Organization (PBO) has said considering the recent data provided by the Statistical Center of Iran (SCI) the inflation is expected to be curbed in the next Iranian calendar year (begins in March 2022).

Macro Economy

Iran’s transportation inflation surges to 50 percent

The average goods and services Consumer Price Index of “transportation” in the 12-month period ending Oct. 22, which marks the end of the seventh Iranian month of fiscal 2021-22, increased by 50.1% compared with the similar period of the year before.

Transportation

Iran’s Q2 mining producer inflation at 116%

The average Producer Price Index for the mining sector in the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current fiscal year, increased by 116.1% compared with the same period of the year before.

Mine and Industry