Iran Consumer Prices Rise 88.6 Percent Year on Year Through June

Iran's Statistical Centre of Iran reported the Consumer Price Index for the period 22 May to 21 June 2026 stood 88.6 percent above the corresponding interval one year earlier. A household spending 100 monetary units on a fixed basket in 2025 would require approximately 189 units for the same basket in 2026.

The Central Bank of Iran recorded a year-on-year inflation rate of 83.1 percent and an annual rate of 57.7 percent over the same period.

The Statistical Centre placed the annual rate at 62.0 percent, producing gaps of 5.5 percentage points on the year-on-year measure and 4.3 points on the annual measure. Year-on-year inflation climbed from 52.6 percent in December 2025 to roughly 68 percent in February 2026 before reaching 88.6 percent in the latest reading.

The Consumer Price Index itself rose 5.9 percent between the periods ending 21 May and 21 June.

Rural areas recorded 108.1 percent year-on-year inflation while urban areas recorded 85.2 percent. Food categories showed the largest increases, with meat and poultry at around 178 percent, tobacco at 173.8 percent, milk cheese and eggs at 152 percent, and bread and cereals at 139 percent. The official minimum monthly wage stands at 166.255 million rials, or about 85 euros.

The rial traded near 1.35 million per U.S. dollar at the start of 2026.

It reached 1.72 million after U.S. and Israeli air strikes began on 28 February, recovered during the conflict, then weakened to a record 1.9 million after a ceasefire and an official estimate of 300 billion dollars in war damage. The International Monetary Fund projects Iran's annual inflation will average 68.9 percent in 2026 and forecasts a 6.1 percent contraction in real GDP.