Iran Economy NewsIranian Families’ Costs Increase by 50%

Iranian Families’ Costs Increase by 50%

-

People shop at the old main bazaar in Tehran, Iran

By Pooya Stone

Iranian families’ cost for purchasing a collection of basic goods and services has increased by 50% in the past month, state-media announced this week.

Official figures published by the Statistical Center of Iran indicate that inflation has increased again and has continued its growth in recent months, the state-run news agency ISNA reported on June 23.

The report states that yearly inflation has increased by 3.4% in the past year and has reached 37.6% in the past month.

An examination of the costs of Iranian families in the current year, compared to last year, shows that on average the costs have increased 50.4% while the people are living in absolute poverty and are suffering from the poor economic situation and governmental corruption. Any kind of cost increases cause more of them to go under the poverty line.

While people are deprived from access to the most basic and simplest food items, the prices of some food categories has increased by 74%. The price of some meat and protein items have increased by more than 95%.

The price of housing has also increased by 26% in comparison to the previous year. Iran watchers point out that while many Iranians don’t have access to proper housing, and a large segment of Iranian society, especially in large cities like Tehran, are living in slums on the fringes of the city, the ruling clique are plundering the riches of the country to build luxurious houses and villas for themselves.

Latest news

US Slaps New Sanctions on Iran’s Drone Program

On Thursday, April 25, the United States imposed new sanctions on the regimes of Iran and Russia. According to a...

Iran’s Regime Sentences Singer Toomaj Salehi to Death

Amir Reisian, Toomaj Salehi’s lawyer, says the so-called “Revolutionary Court” in an "unprecedented" move has sentenced this dissident singer...

Iran Faces Severe Medicine Shortage and Lack of Government Funding

The Health and Treatment Commission of Iranian regime’s Majlis (parliament) recently released a report highlighting the dire situation of...

U.S. House of Representatives and Senate Approve Measures Targeting Iran’s Regime

In a resolute move showcasing bipartisan unity towards addressing the Iranian regime's actions, the United States House of Representatives...

Grossi: Iran Weeks Away from Having Enough Enriched Uranium for Atomic Bomb

Rafael Grossi, the Director General of the International Atomic Energy Agency (IAEA), has stated that Iran is just weeks...

In the past two years, 8 million people added to Iran’s poor population

According to information analyzed by the state-run Etemad newspaper regarding poverty rate data, a 10% increase in the poverty...

Must read

Iran’s Larijani arrives in Iraqi capital – report

Iran Focus: Tehran, Iran, Apr. 29 - Iran's Supreme...

Iranian navy joins fight against Somali pirates

CNN: A group of Iranian warships steamed into the...

You might also likeRELATED
Recommended to you