Iran’s annual inflation rate has soared to nearly 89 percent, marking the highest level since the end of World War II. The sharp rise is attributed to the ongoing war with the United States and Israel, compounded by international sanctions and a steep depreciation of the Iranian rial. According to Iran’s Statistical Center, inflation reached 88.6 percent in June, driven by severe economic disruptions linked to the conflict.

The report notes that food prices have more than doubled compared to the same period last year. Bread and grains rose by 138.8 percent, eggs and dairy products by 151.9 percent, and red meat and poultry by 178.2 percent. The rapid price increases have drastically reduced purchasing power, making basic goods unaffordable for many citizens.

The war has also caused widespread job losses, with millions forced out of work. A US naval blockade and restrictions on oil exports have further strained Iran’s economy, putting additional pressure on the national currency.