The annual inflation rate in Iran declined to 44.8 percent in December 2020 from 46.4 percent in the previous month, due to a softer rise in prices of both transport (65.2% vs 96.5% in November) and communication (24.5% vs 25.4%). Meanwhile, inflation accelerated for food & non-alcoholic beverages (58.0% vs 56.7%); housing & utilities (26.1% vs 26.0%); furniture & household equipment (59.6% vs 55.0%); miscellaneous goods & services (45.2% vs 44.2%); clothing & footwear (44.4% vs 42.9%); restaurants & hotels (36.6% vs 33.4%); recreation & culture (52.5% vs 50.2%); tobacco (53.2% vs 50.7%), and health & medical services (34.5% vs 33.9%). On a monthly basis, consumer prices were up 2.0 percent in December, after a 5.2 percent growth in November. source: Statistical Center of Iran
Inflation Rate in Iran averaged 14.72 percent from 1957 until 2020, reaching an all time high of 59.02 percent in May of 1995 and a record low of -3.27 percent in April of 1958. This page provides the latest reported value for - Iran Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iran Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Iran is expected to be 38.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Iran to stand at 25.00 in 12 months time. In the long-term, the Iran Inflation Rate is projected to trend around 25.00 percent in 2022, according to our econometric models.