Inflation hits 50% in Iran as war rattles economy
Consumers feel effects of conflict while many expect Strait of Hormuz stand-off to exacerbate stagnation
Consumers feel effects of conflict while many expect Strait of Hormuz stand-off to exacerbate stagnation

Sharp rise in inflation is hitting growth outlook for region heavily dependent on imported energy

Central bank increases target to 24% from 16% due to accelerating rise in prices triggered by Iran war

Conflict will intensify the mounting global debt and inflation risks

Wave of inflation will persist as higher fuel prices feed through into businesses

Tehran has a strong incentive to keep the conflict going

Surge in prices highest since May 2024 as Iran conflict triggers historic surge in petrol prices