By Pooya Stone

In the first three months of the current Iranian year, the price of potatoes and onions has increased by more than 500 percent compared to the same period last year.

Statistics on the average price of crops and the cost of agricultural services during this spring shows that prices of onions, potatoes and tomatoes had the highest increase compared to the previous year, according to the state-run ISNA news agency, which quoted a report by the Iran’s statistic center. It said the average price of potatoes are about 36120 rials and onions 37130 rials, and tomatoes 22240 rials, which increased by 527.9, 539.2, and 221.6 percent respectively, compared to the same season last year.

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By Pooya Stone

German exports to Iran have fallen by nearly 50% in the first half of 2019, according to data released Monday.

This suggests that German businesses have been cutting ties to Iran in order to avoid any potential trouble with the United States after Washington reimposed sanctions on the Gulf country last year.

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By Jubin Katiraie

US sanctions on Iran have caused major Iranian oil buyer India to switch to exports from Venezuela and America, despite a long-term trade relationship with Iran.

Iran has previously accounted for roughly 17% of India’s total crude imports, worth $11.1 billion between 2017-2018, because of India’s rising energy consumption and falling domestic oil output. But this fluctuated greatly depending on US-Iran relations.

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By Jubin Katiraie

The Iranian economy is in a much more precarious situation than was predicted just a few months ago, according to political scientist Dr Majid Rafizadeh.

He explained that in April, the International Monetary Fund (IMF) reported that inflation in Iran would reach 40%, while the World Bank estimated in June that Iran’s gross domestic product (GDP) would drop by 4.5% in 2019, which was 0.9% worse than its January prediction. However, Rafizadeh cited data from the Statistical Centre of Iran that paints a bleaker picture, which inflation reaching a huge 50%. This is even worse in rural areas, where inflation has reached 60%, and for food items, given that the cost of meat has risen by 95%.

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