Iran Economy NewsIran’s Economy in Deep Crisis During the Month of...

Iran’s Economy in Deep Crisis During the Month of Ramadan

-

Economic pressures in Iran continue to rise, and with the beginning of the month of Ramadan, the depth of the economic crisis has also become apparent as Iranian media report a minimum daily wage of 2.5 million rials (approximately $4) compared to a household expenditure of 6.5 million rials (approximately $11) for daybreak and iftar meals.

The regime’s rouydad24 website has addressed this issue in a report, stating that the iftar or daybreak for a family of five costs 4 million rials (approximately $6.6).

Based on this estimate, the minimum cost of an iftar meal is also estimated to be between 2 to 2.5 million rials.

According to this report, this expense of 6.5 million rials comes at a time when the average daily income of a simple worker is around 2.5 million rials.

Comparison of the figures provided by rouydad24 indicates that spreading an iftar and complete dinner for a family of five in the past year amounted to more than 2.5 million rials.

Additionally, in 2022, the cost of preparing an iftar meal in the most minimalistic scenario was approximately 1.5 million rials (approximately $2.5).

The website attributes the current trend in Iran’s economy and the resulting conditions for households to the performance of the Ebrahim Raisi’s government, stating: “Now it seems that a century has passed since those days, and the outcome of Ebrahim Raisis’s economic surgery is nothing but economic paralysis.”

It is emphasized based on market activity that for years, wages have lagged behind expenses, and Iranian iftar and daybreak have reduced in size.

Statistics published by the Statistical Center of Iran indicate that in February 2024, the annual inflation rate for food and consumer services in the “red meat and poultry” sector was 93.3%, and in the field of red meat, white meat, and its products, it was 90.7%. This means that in February 2024, Iranians spent at least 90% more on meat purchases than in February 2022.

Furthermore, in February 2024, public transportation services became 57.4% more expensive compared to the same period last year, and consumers paid 62.5% more for hotel and restaurant services compared to the previous year.

Reports indicate that rampant inflation has become one of the biggest economic challenges in Iran. This challenge has severely affected people’s daily lives and made their meals smaller.

Latest news

Canadian Parliament Approves Proposal to Proscribe Iran’s IRGC

On Wednesday, May 8, members of the Canadian House of Commons unanimously voted to add the IRGC to the...

Iran’s Medical Society is in Crisis

Iraj Fazel, the head of the Surgeons Society and former Minister of Health of the Iranian regime, has warned...

Iran’s Regime Evading Oil Sanctions Through Malaysia

Brian Nelson, the U.S. Department of the Treasury's Under Secretary for Terrorism and Financial Intelligence, sees Iran's increased capacity to transport...

Iran’s Cooperation Level Unacceptable, IAEA Director Says

The Director-General of the International Atomic Energy Agency (IAEA) described the regime's cooperation with the agency as unacceptable upon...

Iran’s Gold Merchants on Strike in Several Cities

Reports and images circulated on social media indicate the expansion of protests and strikes by gold sellers in several...

Intense Rainfall and Floods Damage Dozens of Cities Across Iran

Heavy rainfall has again led to flooding in dozens of cities across Iran, damaging residential homes and agricultural lands....

Must read

Iran likes idea of Gazprom in India gas link

Reuters: Iran suggested on Monday it would welcome any...

Iraq attacks fall 60 percent, Petraeus says

New York Times: The top American military commander in...

You might also likeRELATED
Recommended to you