According to Echo Iran, perhaps the most important indicator of the Iranian economy these days that it is struggling with is inflation. Inflation has fluctuated widely over the past few years, from single-digit inflation in 1995 and 1996 to nearly 50 percent in the past year. In the last three years, inflation in the country has exceeded the range and long-term trend of the past and has recorded high numbers, and if the current inflation figures continue, inflation in the Iranian economy will remain high in these figures.
According to ECO Iran, in contrast to the economic growth index, in which the International Monetary Fund does not envisage a clear situation for the country's economy and predicts a downward trend in growth, it has a positive view of the inflation index. The institution estimates that inflation in Iran this year is 32.3%. Simply put, the agency estimates that inflation will rise from 40.1 percent in 2021 to 32.3 percent in 2022. According to the International Monetary Fund, this decrease in inflation in the Iranian economy will continue and inflation will reach 27.7% in 2023.
According to ECO Iran, the International Monetary Fund's forecasts for the Iranian economy have not always been 100% accurate and have an error rate, but in general, the IMF's forecasts for the Iranian economy have been very close to reality. And it can be useful for economists and economic activists.