Inflation in Iran

Iran Inflation | Economic News & Forecasts

Iran - Inflation

The 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

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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