Iran’s consumer price index surged 88.6% year-on-year in the period from 22 May to 21 June 2026, according to data from the Statistical Centre of Iran.
The acceleration in inflation coincides with the rial falling to historic lows against the US dollar, a move driven by intensifying military tensions in the Persian Gulf and broader geopolitical instability in the region.
The sharp depreciation of the local currency has triggered a rapid rise in the cost of basic necessities.
Food prices have been particularly volatile, with the surge in costs outpacing general inflation.
This dynamic is placing severe pressure on household budgets, with low-income families and rural communities bearing the brunt of the economic shock as purchasing power erodes.
The macroeconomic deterioration reflects the broader impact of the escalating conflict between Iran and the United States.