Inflation Iran 2024
Average inflation: 32.6%
Current Inflation
Inflation is very high at 32.6%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 38.5%. The lowest inflation was in April at 30.9%.
- Highest month
- January: 38.5%
- Lowest month
- April: 30.9%
- Difference
- 7.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 40.8%. The lowest price increase was in Core inflation with an average of 35.7%.
- Highest increase
- Energy: 40.8%
- Lowest increase
- Core inflation: 35.7%
Historical Context
Current inflation is 6.4% lower than the 5-year average of 39.0%.
- 5-year average
- 39%
- 10-year average
- 28.2%
- All-time high (2023)
- 45.3%
- All-time low (2016)
- 7.3%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +12.7 percentage point.
- Change vs. previous year
- -12.7 percentage points
- Largest monthly swing
- April: -24.8 percentage points
ECB Target
Inflation is 30.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €132.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 38.5% | -9.7 |
| February | 35.8% | -14.3 |
| March | 32.2% | -23.0 |
| April | 30.9% | -24.8 |
| May | 30.9% | -23.7 |
| June | 31.9% | -10.8 |
| July | 32.2% | -7.2 |
| August | 31.6% | -8.1 |
| September | 31.2% | -8.3 |
| October | 31.8% | -7.4 |
| November | 32.5% | -6.7 |
| December | 31.4% | -8.8 |
| Average | 32.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.