Iran's Inflation Soars to 44.4% in December, With Food and Hotel Prices Skyrocketing

• Iran's inflation rate hit 44.4% in December, surpassing the government's predicted annual rate of 25% • Inflation was highest in hotel, restaurant, clothing, shoe, and cigarette services, all over 45%
• Meat prices have surged 95% in the past 12 months, exceeding the overall inflation rate • Inflation varies by province, with Yazd seeing over 50% inflation, the highest among the 31 provinces • Iran has struggled with high inflation since 2019, but current levels are worse than previous years due to subsidy cuts and currency devaluation