Iranian Year Comes To An End With 40-Percent Inflation

Pile of Iranian rial banknotes that have lost their value eightfold since 2017.
Pile of Iranian rial banknotes that have lost their value eightfold since 2017.

Iran’s annual inflation rate topped 40 percent in the past 12 months, the highest since 1996 when it reached 50 percent, according to Iran Statistical Center.