Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Iran, Islamic Rep.
- 1979↑ Upward pressure
Revolution disrupted Iran's oil output and domestic economy ↗ — Wikipedia (opens in a new tab)
The Iranian Revolution disrupted oil production and domestic economic activity in 1979. The resulting loss of Iranian output was a central part of the 1979–80 oil shock, while the domestic political rupture destabilized prices and the rial.
- 2012↑ Upward pressure
Sanctions restricted oil revenue and imports ↗ — Wikipedia (opens in a new tab)
Financial and oil-export sanctions intensified in 2011–12, sharply depreciating the rial and disrupting imported inputs. Falling oil revenue and central-bank financing fed stagflation, with consumer inflation exceeding 35 percent by late 2012.
- 2018↑ Upward pressure
Currency depreciation reignited chronic inflation ↗ — Wikipedia (opens in a new tab)
The rial's large 2018 depreciation transmitted rapidly into prices. IMF analysis identifies sanctions, weaker oil exports, fiscal deficits and exchange-rate depreciation as mutually reinforcing drivers of Iran's high inflation.
- 2022↑ Upward pressure
Import-subsidy reform caused a food-price jump ↗ — Wikipedia (opens in a new tab)
To limit the food-import bill, authorities ended subsidies for some essential goods, raised wheat support prices and adjusted administered food prices. Food prices rose 25 percent month-on-month in June 2022, sharply increasing inflation.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.