Iran's inflation is close to 90%.

According to recently released data, Iran's inflation surged in June, primarily due to the impact of the conflict in the Middle East.

In June, Iran 's inflation soared to nearly 90%. Photo: Reuters .

Iran's annual inflation rose to 88.6% in June, as fighting in the Middle East and years of sanctions caused food prices to skyrocket, exacerbating the country's cost of living crisis, according to AFP.

According to the Iranian Statistics Center, during the Persian calendar month of Khordad (May 22nd to June 21st), food prices more than doubled compared to the same period last year in a country that has long faced very high inflation due to sanctions. Specifically, the price of bread and cereals increased by 139%; milk, cheese, and eggs by 152%; while the price of red meat and poultry surged by 178%.

For comparison, in February, before the war launched by the US and Israel against Iran, the country's year-on-year inflation was 68%. Prior to that, in December 2025, Iran's year-on-year inflation was only 52.6%.

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For many years, the Iranian economy has been plagued by persistently high inflation and a sharp devaluation of the Rial, primarily due to international sanctions imposed on the country.

This situation has severely eroded the purchasing power of Iranians, and the situation has worsened in recent months.

According to DW , preliminary estimates from the Iranian government suggest that the economy has suffered losses of approximately 229 billion euros (equivalent to 260 billion USD ) due to the conflict. Iranian Minister of Economy and Finance Seyed Ali Madanizedah stated that the government has been forced to borrow large sums of money. This borrowing could further drive inflation higher in the coming months.

Furthermore, the International Monetary Fund (IMF) forecasts Iran's inflation for the whole year to be around 69%, the highest level since 1979. At the same time, the country's GDP could decline by 6.1% in 2026.

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Source: https://znews.vn/iran-lam-phat-gan-90-post1664225.html