Inflation in Iran

Iran Inflation | Economic News & Forecasts

Iran - Inflation

Tensions between Iran and the U.S. have intensified in recent weeks ahead of two waves of U.S. sanctions scheduled for August and November, adding downward pressure on growth, which already slowed sharply in SH 2017. In response, the Iranian government vowed to retaliate by imposing a blockade on Gulf oil exports if sanctions materialize. The rial has continued to plunge and hit a record low against the dollar on the unregulated market this week following a dramatic sell-off. On 25 July, President Hassan Rouhani replaced Central Bank Governor Valiollah Seif with Abdolnaser Hemmati, who will be in charge of halting the slide of the rial. Further cabinet reshuffling could follow as the government grapples with a deepening economic crisis.

Iran - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)34.7  15.6  11.9  9.0  9.6  

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Iran Inflation Chart

Iran Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bank of Iran.

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