Inflation in Iran
Iran - InflationTensions 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
|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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