CBI governor: Inflation eases slightly after 15 months
Iran’s year-on-year inflation rate eased slightly in the sixth month of the current Iranian calendar year, which began on March 21, after rising for 15 consecutive months, Central Bank Governor Abdolnaser Hemmati said on Saturday.
Hemmati said inflation stood at 3.9% for the month, adding that the year-on-year rate fell to 83.8% in the sixth month from 84.4% in the previous month.
“After 15 months, year-on-year inflation in the sixth month of the current year, although slightly, declined,” Hemmati said, according to Tasnim news agency.
He said monthly inflation of around 4% remained high, but the central bank’s measures to control money supply growth had significantly slowed the acceleration in inflation seen in the early months of the year despite pressures from war, sanctions, a blockade and the inflation expectations resulting from them.
“The central bank’s efforts are focused on reducing it further,” he said.
Hemmati said year-on-year inflation had risen steadily over the previous 15 months, since the 12-day war in June 2025, reaching 84.4% in the fifth month of the current year before falling to 83.8% in the sixth month.
“Although the decline is small, the fact that year-on-year inflation has started to fall is very important,” he said.
Since late February, when a US-Israeli coalition launched a 40-day war, Iran has been operating under wartime conditions as well as a maritime blockade from the south.
Iran, already under decades of Western sanctions over its nuclear activities, has faced a new wave of U.S. sanctions, with Treasury Secretary Scott Bessent saying last week that Iranian airlines would be shut down from Sept. 23 through secondary sanctions on foreign aviation service providers.
The country’s national currency has fallen to record lows, with the US dollar trading at around 2,340,000 rials on the open market on Saturday.