Consumer Price Inflation for Iran, Islamic Republic of
IRNPCPIPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.50
Year-over-Year Change
-10.21%
Date Range
1/1/2000 - 1/1/2025
Summary
The Consumer Price Inflation for Iran, Islamic Republic of measures the change in the average price level of consumer goods and services purchased by Iranian households. This key economic indicator is crucial for policymakers and analysts to understand inflationary pressures and cost-of-living trends in the Iranian economy.
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 inflation index tracks the monthly price changes for a fixed basket of consumer items, including food, housing, transportation, and other common household expenditures. It provides insight into the purchasing power of Iranian consumers and helps guide monetary and fiscal policies aimed at maintaining price stability.
Methodology
The data is collected through surveys of Iranian households and businesses, then aggregated and calculated by the Central Bank of Iran.
Historical Context
Consumer price inflation is a critical consideration for the Iranian government, central bank, and financial markets in managing economic growth and development.
Key Facts
- Iran's inflation rate reached a high of 57.4% in 2019.
- The Iranian government has struggled to control double-digit inflation in recent years.
- Consumer prices in Iran are heavily influenced by subsidies, exchange rates, and international sanctions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Inflation for Iran, Islamic Republic of measures the monthly change in the average price level of consumer goods and services purchased by Iranian households.
Q: Why is this trend relevant for users or analysts?
A: This inflation index provides crucial insight into the purchasing power of Iranian consumers and is a key indicator used by policymakers and economists to understand inflationary pressures in the Iranian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Iranian households and businesses, then aggregated and calculated by the Central Bank of Iran.
Q: How is this trend used in economic policy?
A: Consumer price inflation is a critical consideration for the Iranian government, central bank, and financial markets in managing economic growth and development, as well as guiding monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: There may be delays or limitations in the data due to economic and political conditions in Iran, as well as the challenges of collecting comprehensive household survey information.
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Citation
U.S. Federal Reserve, Consumer Price Inflation for Iran, Islamic Republic of (IRNPCPIPCHPT), retrieved from FRED.