Iran Inflation at Record High

The annualized inflation rate in Iran has reached a record high.
Latest data released by the Statistical Center of Iran show the average goods and services Consumer Price Index in the 12-month period ending Aug. 22, which marks the end of the fifth Iranian month of fiscal 2021-22, increased by 45.2% compared with the corresponding period of the year before.
The rate is an all-time high since the fiscal 2017-18 when SCI started recording the earliest statistics on CPI in Iran.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on July 22, at 44.2%.