Inflation in Iran

Iran Inflation | Economic News & Forecasts

Iran - Inflation

According to data released by the Statistical Institute, the economy stumbled in the first half of SH 2018, with manufacturing and agriculture contracting in annual terms, and the service sector expanding only slightly. The economy is likely to perform poorly in H2, although November’s waivers and OPEC’s recent agreement to exempt Iran from production cuts should support the oil sector. In December, the government presented the draft budget for SH 2019. The bill seeks to diversify the economy away from oil production, and to facilitate job creation and domestic production.

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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