In Iran, Inflation Has Reached Exorbitant Levels

• 30.04.2026, 14:45

The price increase amounted to approximately 50%.

Residents of Iran are preparing for a sharp rise in prices and possible mass layoffs: the military conflict increases the pressure on the already unstable economy of the country. This is according to Financial Times.

Annual inflation, which before the outbreak of hostilities exceeded 40%, reached about 50% by the beginning of April - shortly before the introduction of a fragile truce.

Despite the truce, the population continues to experience serious financial difficulties. The situation is exacerbated by the blockage of the Strait of Hormuz.

A 56-year-old Tehran resident said the price of cheese had risen from 5.2 million to 6.7 million Iranian rials (about $5) in just one week. She said it feels like everything has gone up in price since the war began.

The price hike has also affected other basic products such as rice, eggs and chicken. Cars have also become more expensive: according to online marketplaces, the price of a new Peugeot 207 has increased from about 18 billion rials to 25 billion rials since the start of the conflict. In addition, local media report that the authorities plan to raise regulated cement prices by 40%.