Inflation in Iran
Iran - InflationThe non-oil economy decelerated markedly in the first quarter of SH 2018, largely due to the rial’s collapse, while the oil sector sharply rebounded, front-loading activity ahead of new U.S. sanctions taking effect in November. On 28 September, Sinopec, China’s top oil refiner, announced it would halve its oil imports from Iran, dealing a crushing blow to the sector even though China—Iran’s largest customer—had initially signaled it would maintain its purchases. The EU is reported to currently be in talks with China and Russia to set up an alternative payment system to bypass U.S. sanctions; however, many analysts and diplomats doubt the feasibility of such a scheme.
Iran - Inflation Data
|Inflation Rate (CPI, annual variation in %)||34.7||15.6||11.9||9.0||9.6|
5 years of economic forecasts for more than 30 economic indicators.
Iran Inflation Chart
Source: Central Bank of Iran.
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