Iran's annual inflation rate reached 87.9% in July, with food, beverage, and tobacco prices more than doubling year-over-year in all 31 provinces, according to reported data. Eight provinces surpassed the 100% mark, led by West Azerbaijan with 149.9%.
New data released Friday shows Iran's annual inflation rate reached 87.9% in July, with food, beverage, and tobacco prices more than doubling year-over-year in all 31 provinces. The highest inflation was recorded in West Azerbaijan province at 149.9%, while the capital Tehran saw the lowest at 73.9%.
For context, The Zioneer reported in June that annual inflation stood at 88.6% for the month of Khordad, with food prices surging 134.6%. Bread prices nearly doubled overnight in late June, and meat prices have reached record highs, making staples increasingly unaffordable for many Iranians. The ongoing economic crisis has been compounded by international sanctions and domestic policy challenges.
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