Iran’s inflation hits World War II levels, deepening economic pain
The consumer price index hit 77.2% in May as the rial fell past 1.7 million to $1, deepening pressure on households.
- On Monday, Iran's Central Bank reported year-on-year inflation reached 77.2% in May, the highest level seen since World War II.
- Airstrikes and a United States naval blockade damaged the oil industry this year, driving the rial to plummet to over 1.7 million to $1 from 32,000 in 2015.
- Prices for daily necessities like medicine and taxi fares surged 113.8% from the previous year, a rise the Bamdad Institute of Economic Studies described as unprecedented since World War II.
- Iranian President Masoud Pezeshkian warned in May that citizens "must accept this hardship," while analyst Mohsen Jalilvand cautioned that economic conditions could spark unrest by summer's end.
- Past economic crises have triggered deadly nationwide demonstrations; a January crackdown killed over 7,000 people, fueling official fears that current financial deterioration could reignite instability across the Islamic Republic.
19 Articles
19 Articles
Inflation in Iran hits highest levels in 80 years as negotiations with the U.S. stall
In May, annual inflation in Iran hit 77.2%, a level unseen since World War II. Economic problems have been the source of considerable civil unrest in the country over the past decade, and skyrocketing costs could lead to protests.
Associated Press News
Iran stops talking to mediators over Israel fighting Hezbollah in Lebanon, Iranian reports say
Iran stopped communicating with mediators after Israel threatened to bomb Beirut as it continues fighting the Lebanese militia Hezbollah.
Iran's annual inflation in May hit a level not seen since World War II, pointing to the economic pain ordinary Iranians are enduring as the population
Inflation Shock: Economic Pressures in Iran Reach a New Peak
Iran’s inflation crisis deepened in the second month of the current Iranian year, as newly released data from the Central Bank of Iran (CBI) showed one of the sharpest price surges recorded in decades. The figures for Ordibehesht 1405 (April 21–May 21, 2026) reveal that inflationary pressures have intensified across the economy, driven by currency depreciation, supply disruptions, damage to productive infrastructure, heightened inflation expecta…
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- 40% of the sources lean Left, 40% of the sources are Center
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