Iran's Economy Faces Recession and Inflation
The article focused on the Iranian economy's decline in Spring 2026, with prices continuing to rise despite a limited slowdown in inflation. Official data recorded a 10.1% decrease in GDP, with the oil and gas sector becoming one of the main causes of contraction, as production declined by 6.7 percentage points of the overall downturn. At the same time, food prices increased by 127.5%, rents by 31.8%, while the annual inflation rate stood at 83.8% in September—slightly lower than last year but still extremely high. The data confirms that war and sanctions have contributed to inflationary pressures and reduced production, increasing the burden on households and weakening purchasing power.
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