TEHRAN: Iran’s annual inflation rate rose to 50.6% by mid-March, up three percentage points from the previous month, the country’s official statistics centre said on Sunday.
“The inflation rate for the twelve months ending in Esfand (from Feb 20 to March 20) reached 50.6%,”the centre said in a statement carried by the official IRNA news agency.
The rate had stood at 47.5% in the previous month, covering the period from Jan 21 to Feb 19.
The rise in prices comes with Iran at war with the United States and Israel since Feb 28, when strikes that killed the country’s supreme leader triggered a conflict that has since spread across the Middle East.
On March 20, Iran marked the start of the Nowruz holidays, the Persian New Year.