The Statistical Center of Iran reported a 128.6% increase in the prices of food items in August compared with the previous year. Cooking oil recorded the largest increase, with prices rising by 258%. The prices of protein products, dairy products, energy carriers, and transportation services also rose by more than 100%. This upward trend indicates a deepening livelihood crisis and the Iranian regime’s inability to contain inflation.
In its latest report, the Statistical Center of Iran put the year-on-year inflation rate for August at 89%. According to the report, the consumer price index for households across the country rose by 3.4% compared with the previous month, reaching 700.1. The 12-month inflation rate through the Persian month of Mordad (July-August) stood at 69.9%, indicating the continuation of the country’s economic crisis. These official figures point to a severe erosion of people’s purchasing power and the shrinking of household budgets.
