The latest official data shows that Iran’s annual inflation rate has reached 37%, the lowest in three years. This is clear from data published by the Statistical Center of Iran, IRNA reported on May 25.
The annual inflation rate between April 11 and May 11, 2024 was 37%, the lowest since 2021.
This figure also shows a year-on-year decrease of 12.1 points.
Also between April 11 and May 11, food inflation reached its lowest level in almost four years, reaching 22.7%.
The administration of Iranian President Ibrahim Raisi, who died in the plane crash, has reportedly prioritized policies aimed at improving the economy and increasing the purchasing power of the country’s population since taking office in August 2021.
In December 2023, the World Bank stated in a report that Iran’s economy continued to grow for the fourth consecutive year. This confirmed the correct direction of the Iranian administration’s efforts to curb inflation and stabilize the currency market.
Source: Rossa Primavera
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