Economy

Iran’s Annual Inflation Reaches 38.9% in October

Iran’s Annual Inflation Reaches 38.9% in October
Iran’s Annual Inflation Reaches 38.9% in October

Iran’s annual inflation rate reached 38.9% in the Iranian month of Mehr (September 22–October 21), according to the Statistical Center of Iran. The latest Consumer Price Index (CPI) stood at 403.8, showing a 5% increase compared to the previous month and a 48.6% rise compared with the same month last year.

The point-to-point inflation rate, which measures price changes compared to the same period a year earlier, rose to 48.6%, up 3.3 percentage points from the month before. This means that, on average, Iranian households paid nearly 49% more for the same basket of goods and services than they did in October 2024.

The monthly inflation rate for Mehr was 5%, with food, beverages and tobacco prices climbing 6.4%, while non-food goods and services increased 4.2%.

The annual inflation rate — reflecting average price changes over the past 12 months — rose from the previous month by 1.4 percentage points to reach 38.9%, underscoring the continued inflationary pressures facing Iranian households.