Iran’s inflation rate is 51.4% for the first month of the Iranian year (March 21-April 20), according to the Iranian Statistical Center (ISC). This means that, compared with the same month last year, prices have risen by more than 50%.
The ISC also found that Iran’s inflation rate for the past 12 months was 30.6%, which is lower than the International Monetary Fund’s inflation estimate for Iran in 2018. However, there are two potential reasons for this. One, the IMF goes January 1 to December 31, while the ISC goes March 21 to March 20, and two, Iranian institutions usually underreport statistics that make them look bad, even if the ISC is more reliable than most.