[45186] Sharp spike in inflation in Iran: Statistics Center reports a 73.5% increase in price index

Sharp spike in inflation in Iran: Statistics Center reports a 73.5% increase in price index

According to official data published by the Statistical Center of Iran and distributed by many news agencies, including آخرین خبر, the consumer price index for households in Iran recorded a 5% increase in April compared to the previous month. In an annual calculation compared to the same month last year, the index shows a dramatic increase of 73.5%.

The Statistical Center additionally reported that the annual inflation rate for the 12 months ending in April rose by 53.7% compared to the same period last year. These figures sharpen the deep economic crisis affecting households in the country.

At the same time, Iran International – an opposition media outlet that often presents a critical line against the administration in Tehran – cites economist Ali Dadpay, who claims that "Iran is entering the first stage of hyperinflation." According to Dadpay, economic forecasts indicate that conditions in the country are expected to become gradually more difficult.

The data, which were also published in domestic Iranian media outlets such as آخرین خبر تهران and خراسان آنلاین, confirm the concerning trend of the erosion of citizens' purchasing power in the country under the burden of rising prices.