Iranians in Tehran say consumer prices have increased 100 times [1] since the war began on Feb. 28, 2026 [2].
This economic collapse threatens the basic survival of the population. The rapid devaluation of currency and loss of purchasing power create a humanitarian crisis that extends beyond the immediate physical dangers of combat.
In interviews with CNN reporter Fred Pleitgen, citizens described a state of hyperinflation and rampant unemployment. The residents said the war has disrupted supply chains and the broader economy, which in turn drove prices up [3].
"Prices have increased 100 times since the war started," one Iranian citizen said [1].
The economic instability has left many unable to afford basic necessities. Another resident said, "We are facing hyperinflation and unemployment" [1].
The conflict has fundamentally altered the daily life of those in the capital city. Residents reported that the cost of living has become unsustainable in the few months since the fighting started — a trend that coincides with the disruption of trade and local production [3].
While official government statistics were not provided in the report, the anecdotal evidence from the streets of Tehran suggests a total collapse of price stability. The reported 100-fold increase [1] indicates a level of inflation that typically precedes a complete failure of the national currency system.
“"Prices have increased 100 times since the war started."”
The reported hyperinflation in Iran suggests that the war has caused a systemic failure of the domestic economy. When consumer prices rise by a factor of 100 in a matter of months, the national currency effectively loses its utility as a store of value, often leading to the rise of black markets and a total dependence on foreign currency or barter for survival.
