Sharp depreciation of the Iranian rial in January 2026, coupled with a reduced cereal harvest in 2025, kept wheat flour and rice prices at record highs in February 2026.

Prices of wheat flour declined month-on-month in February 2026, but remain at near-record levels.

Food prices remained at exceptionally high levels in February 2026, due to the lingering impact of the prolonged conflict and severe macroeconomic difficulties.

Prices of sorghum continued to decline in January 2026 in several monitored markets while prices of millet followed mixed trends, remaining at exceptionally high levels due to the ongoing conflict, which has resulted in high input prices inflating production costs and in supply-chain disruptions.