Growing concern among economists close to the regime reflects mounting fears that currency depreciation and the absence of an effective anti-inflation strategy could push Iran’s economy into an even deeper crisis. However, he noted that economists generally define hyperinflation as a period in which monthly inflation reaches approximately 40 to 50 percent, a threshold Iran has not yet crossed. Speaking at the Iran Economy Outlook 2026 conference in late July, Nili argued that Iran has moved beyond the stage of chronic inflation and is now experiencing an exceptionally high level of price growth. According to Nili, inflation in Iran has evolved beyond ordinary or persistent price increases and now represents a systemic threat to economic stability. Internal Warnings Reflect a Deepening CrisisThe fact that economists with longstanding ties to the regime are now publicly warning of a possible slide toward hyperinflation underscores the severity of Iran’s economic deterioration.