“Iran's inflation rate reached 301% a few days prior to October 28, 2026.” — Donald Trump. Our verdict: False.

What we found

The numbers

The evidence

• Background

  Iran International English reported that Trump said Iran's inflation rate had reached 301% during a White House roundtable on 21 October 2026. [1]

• Background

  Iran International English also reported on Instagram that Trump made the 301% remark at the White House roundtable. [2]

• Background

  The Anadolu Agency reported that Trump publicly stated Iran's inflation rate had reached 301% in a post on his Truth Social platform. [3]

• Contradicts the claim

  Iran Focus reported that Iran's annual inflation rate in October 2026 was 76.8%, with prices rising 4.4% over the month — far below 301%. [4]

• Contradicts the claim

  The Iran Observatory account shared Iran's Statistical Center figures showing annual inflation of 76.8% and point-to-point inflation of 88.7% for the twelve months ending October 2026. [5]

• Background

  A report on Trump's endorsement of Netanyahu does not mention the inflation claim. [6]

What we could not confirm

• We could not check whether any unusual or non-standard inflation measure — such as a monthly annualised rate or a specific basket of goods — could come near 301%.
• Some social media posts about the claim do not carry clear dates, so we could not always pin down exactly when the remark was first made.

How we checked

We looked at reports of what Trump said, including Iranian and Turkish media coverage of his roundtable remarks and his Truth Social post, and compared them with official inflation figures from Iran's Statistical Center for the months around October 2026. We reviewed 6 relevant sources.