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Iran's Inflation Crisis Hits Record High of 88.6%

Sun, Jun 28, 2026(2h ago)World

Official data from the Statistical Centre of Iran reveals a staggering surge in the country's year-on-year inflation rate, which climbed to 88.6% as of late June. This dramatic economic downturn is largely attributed to the ongoing instability in the Middle East, which has significantly worsened the nation's financial outlook. Food insecurity has reached critical levels, with costs for essential staples—including dairy, eggs, and meat—more than doubling since last year. Specifically, red meat and poultry prices have seen an astronomical increase of over 178%, placing an immense burden on households already struggling to afford basic goods.

This sharp spike marks a concerning escalation from the 68% inflation rate recorded just four months ago, before the regional conflict intensified. The Iranian economy has long suffered under the weight of international sanctions and the consistent devaluation of the rial, both of which have severely restricted the purchasing power of the average citizen. With inflation rates significantly higher than the 52.6% reported during the cost-of-living protests in late 2025, the country faces a deepening economic crisis that shows little sign of stabilization as the conflict continues to disrupt supply chains and market stability.

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