Inflation in Iran has accelerated sharply, reaching 88.6% year-on-year in June, driven by the intensifying conflict with the United States.
The surge is particularly acute in the food sector, where prices have more than doubled, severely eroding purchasing power for households already strained by economic instability.
The fragile state of diplomatic relations between Washington and Tehran continues to weigh heavily on the Iranian economy, exacerbating supply chain disruptions and currency depreciation.
This domestic crisis in Iran is not isolated; it is a key driver of global market volatility.
The ongoing conflict has already contributed to rising energy costs worldwide, which in turn have pushed US consumer prices to their highest level in over three years.
US retailers are increasingly warning that inflationary pressures stemming from the Middle East could spread beyond energy markets into broader consumer goods and services, complicating the outlook for global central banks.