24 Hrs
Source:
اقتصاد
Iran faces record inflation and rising living costs
Iran experienced its highest annual inflation rate since 1942, reaching 77.2% between April and May, with a monthly increase of 8.5%. This surge led to a sharp rise in the prices of basic goods such as rice and oil, impacting purchasing power and increasing poverty levels, especially among retirees and low-income families. The causes of this situation are attributed to multiple factors, including the economic repercussions of the war, maritime blockade, decline of the national currency, and wage increases that have failed to keep pace with inflation. Consequently, this has resulted in a breakdown of price stability and an unprecedented deterioration of the Iranian economy.
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