Inflation, consumer prices for the Islamic Republic of Iran
FPCPITOTLZGIRN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.46
Year-over-Year Change
19.07%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Inflation, consumer prices for the Islamic Republic of Iran' trend measures the rate of change in consumer prices in Iran. This data is crucial for economists and policymakers to assess the country's economic health and make informed decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the Consumer Price Index (CPI) for Iran, which is a measure of the average change in prices paid by consumers for a basket of goods and services. The CPI is a widely used indicator of inflation and a key input for economic analysis and policy formulation.
Methodology
The data is collected and calculated by the Central Bank of Iran based on a comprehensive survey of consumer prices.
Historical Context
The Iranian CPI is closely monitored by international institutions and investors to gauge the country's macroeconomic stability and potential investment opportunities.
Key Facts
- Iran's annual inflation rate reached over 40% in 2022.
- The Iranian CPI is published monthly by the Central Bank of Iran.
- High inflation in Iran is largely driven by economic sanctions and currency devaluation.
FAQs
Q: What does this economic trend measure?
A: The 'Inflation, consumer prices for the Islamic Republic of Iran' trend measures the change in the prices of a basket of consumer goods and services in Iran.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding Iran's macroeconomic conditions and the purchasing power of Iranian consumers. It is closely monitored by economists, policymakers, and investors to assess the country's economic stability and potential investment opportunities.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Iran based on a comprehensive survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Iranian CPI is used by policymakers and international institutions to gauge the country's economic health and make informed decisions about monetary and fiscal policies, as well as trade and investment strategies.
Q: Are there update delays or limitations?
A: The CPI data for Iran is published monthly by the Central Bank of Iran, with a slight delay. There may be some limitations in data coverage or accuracy due to economic and political factors in the country.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for the Islamic Republic of Iran (FPCPITOTLZGIRN), retrieved from FRED.