Iran stats agency says year-on-year inflation hit 88.6pc in June

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Inflation in Iran rose sharply in June, driven by the Middle East war, reaching a peak of 88.6 per cent year-on-year, according to official figures released today, AFP reports.

According to the Statistical Centre of Iran, during the Persian month of Khordad (May 22-June 21), food prices more than doubled year-on-year, in a country already long plagued by hyperinflation due to sanctions.

Bread and grain prices rose by 138.8pc, milk, cheese and eggs by 151.9pc, while the prices of red meat and poultry skyrocketed by 178.2pc.

By comparison, year-on-year inflation stood at 68pc in February, prior to the outbreak of the war launched by the United States and Israel against Iran.

Iranian statistics are reported monthly based on the Persian calendar, with each year beginning in March.

People walk in a local market in Tehran, Iran on June 11, 2026. — WANA via Reuters/
People walk in a local market in Tehran, Iran on June 11, 2026. — WANA via Reuters/

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