News: Iran Economy
Iran's inflation rate in the 12-month period ending July 2019 stands at 40.4 percent, according to the Statistical Center of Iran.
The state-run SCI also reported on July 24 that Iran's point-to-point inflation rate, which reflects price increase compared to the same time in the previous year, has reached 48 percent.
Iran's Misery Index, which measures total unemployment and inflation, rose to 39% last winter, while the figure was 19.4% in the winter of 2016, the Statistical Center of Iran said in its latest report on the economic situation in Iran.
According to the assessment, the unemployment rate reached 12.1% and inflation stood at 26.9% last winter.
Iran’s deeply troubled economy has seen rampant inflation and soaring prices affecting the goods that Iranians need most and leaving many unable to buy enough food to eat.
Iran’s Center for Statistics said that the average Iranian family’s cost of living has risen by 50% in this Persian calendar year alone and that wage increases are almost insignificant in comparison.