24 Hrs
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اقتصاد
Iran Faces Severe Economic Challenges in July
Iran is facing a severe economic crisis characterized by a 66% inflation rate and a 128% increase in food prices during July. This situation has resulted from a decline in oil exports from 1.7 million barrels per day to 967,000 barrels, due to navigation issues and sanctions. The challenges are worsening as the currency depreciates and inflation pressures diminish purchasing power, further burdening households with rising living costs. Projections indicate that the poverty rate could reach 45.5% by 2028. The figures highlight a link between the drop in oil exports and the inflation crisis, calling for intensified efforts to address the country's deteriorating economic and social conditions.
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