Iran's inflation hits highest since WWII

Iran experienced a sharp rise in inflation rates in May 2026, with the annual inflation reaching 77.2%, the second highest level since the end of World War II. Monthly inflation stood at 8.5%. Prices of food items such as eggs and meats increased significantly, with an annual increase of 129.8% in food and beverages due to supply shortages and import restrictions. This inflation surge reflects the ongoing economic crisis, affected by budget deficits and exchange rate fluctuations, leading to a widening gap between inflation rates for goods and services.

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