Unprecedented inflation hammers Iran
Iranians have grown accustomed to high inflation and rising prices, yet recent macroeconomic trends are unprecedented.
Iran’s official inflation rate is reaching new highs. The Statistical Center of Iran (SCI) — the country’s main statistics agency — reported a monthly inflation rate of 12.2% and a point-to-point rate of 52.5% for the Iranian month ending June 21. Both are record numbers.