Inflation In The First 30 Months Of Ebrahim Raisi's Government Equals Inflation In The Final 15 Years Of Pahlavi Rule
The inflation rate in the first 30 months of Ebrahim Raisi’s presidency is almost equal to the total inflation of the last 15 years of Pahlavi rule, data released by the Iranian government suggests.
Using Statistical Center of Iran figures, Iran Open Data calculates that from July of 2021 to December of 2023, the cost of goods and services has increased 2.3 times. According to data from the Iranian Central Bank, the average price of goods and services increased 2.2 times from 1961 to 1976.
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Statistical analysis shows that the best and most stable period of Iran's economy was in the 1960s, when the average inflation rate was only 1.6%.
Before the 2020s, the worst decade for inflation was 2010s and 1990s. The average inflation rate during those decades was 25% and 24%, respectively. It seems the 2020s will break those records. The average inflation rate in the first three years of the 2020s was a historically high 45%.
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The graph below shows changes in the inflation rate from 1951 to 2022. After the revolution, the inflation rate has only increased, and the Iranian economy has experienced severe fluctuations.