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Economy

“Did You Know?” Inflation In Iran Reaches Record Heights

February 23, 2023
Inflation in Iran has been on the rise for a while, and the latest figures from the country’s Statistics Center show that the situation is worse than ever before
Inflation in Iran has been on the rise for a while, and the latest figures from the country’s Statistics Center show that the situation is worse than ever before

In our “Did You Know?” series of articles, IranWire collects, analyses and compares reliable data to produce illuminating infographics on current events in Iran.

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Did you know that inflation in Iran has reached a record high?

Inflation in Iran has been on the rise for a while, and the latest figures from the country’s Statistics Center show that the situation is worse than ever before.

The center said the 12-month inflation rate peaked at 48 percent in January, the highest figure ever announced by the Statistics Center.

The center said the 12-month inflation rate peaked at 48 percent in January, the highest figure ever announced by the Statistics Center
The center said the 12-month inflation rate peaked at 48 percent in January, the highest figure ever announced by the Statistics Center

To make matters worse, the monthly increase in the price of goods and services reached 53 percent in January, the highest figure since the 54-percent inflation rate recorded in June 2022.

With such high inflation, Iranians are grappling with rocketing living costs and are scrambling to convert their savings into hard currencies and gold.

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