Iran inflation nears 89% as war strains economy
Iran's inflation rate accelerated sharply in June, reaching 88.6 percent year-on-year, according to the country's Statistics Centre, which linked the surge to the economic impact of the recent war.
The official agency said food prices more than doubled during the Persian month of Khordad, which runs from 22 May to 21 June, compared with the same period last year.
Bread and grain prices rose nearly 138.8 percent, while red meat and poultry prices increased 178.2 percent.
Iran has faced persistent inflationary pressures for years amid international sanctions and economic instability.
People and traffic move through central Tehran, 22 June 2026, after the United States temporarily suspended sanctions on Iranian oil following talks in Switzerland (Atta Kenare/AFP)