Inflation in Iran

Iran Inflation | Economic News & Forecasts

Iran - Inflation

U.S. President Donald Trump’s decision to withdraw the U.S. from the Iran nuclear deal on 8 May represented a massive blow to Iran’s growth prospects and casted a long shadow about the future of the country. Iran’s authorities have not decided yet if the country will also exit from the 2015 nuclear deal as negotiations continue with the remaining participants of the agreement—China, the European Union and Russia. The key hurdle is whether Europe will be able to by-pass secondary sanctions from the U.S., which target non-US companies doing business with Iran. While the official exchange rate weakened only marginally in May, the rial traded in the black market plunged markedly to 64,500 USD per IRR.

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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