Iran’s rial dropped to a fresh record low against the US dollar on Sunday, adding to pressure on households already facing a severe cost-of-living crisis. The move came as inflation climbed beyond 45%, underscoring the depth of the country’s economic strain.

According to data released by the Central Bank of Iran, the currency’s slide reflects broader instability in an economy hit by years of sanctions, mismanagement, and limited public trust in official policy responses. For many Iranians, the latest downturn means more expensive food, medicine, and basic imports.

The falling currency has also worsened uncertainty for businesses and wage earners, especially those whose incomes have not kept pace with rising prices. Economists have warned that without credible reforms, the pressure on consumers is likely to continue.

The latest figures highlight a familiar reality for Iranian civilians: the burden of inflation and currency collapse falls most heavily on ordinary people, while officials continue to offer few clear solutions. The result is a deepening economic crisis with immediate consequences for daily life.

Central bank of iran

Iran rial falls to record low as inflation tops 45%