Iran Economy NewsIran: Prices Soar on Verge of Yalda Celebrations

Iran: Prices Soar on Verge of Yalda Celebrations

-

In Iran, prices are soaring on the eve of the longest night of the year, known as Yalda. Iranian media outlets have been examining the market conditions and people’s purchasing power for celebrating this festival, but reports indicate a lack of hope and only highlight the resentment and high prices associated with the arrival of Yalda.

The state-run ILNA news agency reported on the Yalda market, stating, “By roaming through the market, we observe various prices for fruits, sweets, and nuts. Citizens are merely spectators, and according to market sellers, most people only ask the prices and do not make purchases.”

ILNA also referred to statistics from the Ministry of Industry, Mine, and Trade, indicating a 30 percent average increase in commodity prices from the beginning of the year until now. Some items have even experienced a 60 percent increase.

This is just part of the story. On the other hand, Amir Tanabi, the head of the Association of Dried Fruit and Nut Sellers in Urmia (northwest Iran), said, “People are adjusting their lives to cope with societal inflation and no longer have the purchasing power for buying nuts as they did in the past.”

Amir Tanabi emphasized that sales have drastically declined, and at present, bulk nut sellers are facing difficulties in procuring nuts.

Mohammad Aghaverdi-Zadeh, the head of the Confectionery Union in Urmia, also reported a 50 percent increase in the prices of raw materials such as sugar, oil, especially various types of nuts, coconuts, and chocolates used in confectionery production.

According to Aghavardi-Zadeh, the price of one kilogram of confectionery has reached 2 million rials (approximately $4), and other pastries have reached 2.5 million rials (approximately $5).

The Director-General of Industry, Mine, and Trade in West Azerbaijan, in an interview with ILNA news agency, announced the implementation of a monitoring plan for the Yalda market in the province and stated, “The execution of this plan will continue in the province until December 21.”

Reviewing the statistics published by the Statistical Center indicates that in the second month of autumn, the annual inflation rate for households in the country reached 44.9 percent. This is while the wage increases this year was 27 percent, and employees and workers are facing livelihood problems.

Currently, the average monthly wage of workers is around 80 million rials (approximately $159), and according to media reports, the poverty line in the country has exceeded 200 million rials (approximately $397), and in Tehran, it has exceeded 300 million rials (approximately $595).

Latest news

Iran’s Regime Executes Two More Protesters from the January Uprising

This morning, two more protesters were executed by Iran's regime. Mizan, the state-run news agency affiliated with the judiciary of...

The Collapse of Iran’s Economic Resilience

The latest international reports show that the Iranian regime’s economy ranks near the bottom among 130 global economies. This...

Iranian Nurses Protest Unpaid Outstanding Claims

On May 30, a group of nurses in Yazd Province held a protest rally outside the Governor-General's Office, demanding...

Physician Migration, A Warning Alarm for Iran’s Healthcare System

With physicians and nurses emigrating abroad, the human resources crisis in Iran’s healthcare system has entered a new phase....

Denmark Accuses Iran’s Regime of Terrorism Threat

According to Al Arabiya, Denmark's Security and Intelligence Service (PET) announced that Iran's regime has played a more prominent...

Workers At Iran’s Makran Steel Face Nine Months of Unpaid Wages

The ongoing crisis of unpaid workers’ wages in contracted projects has once again made headlines at Makran Steel in...

Must read

Iran confirms started uranium enrichment

Iran Focus: Tehran, Iran, Feb. 14 – Iran confirmed...

US to exempt EU, Japan on Iran sanctions

AFP: The United States said Tuesday it was exempting...

You might also likeRELATED
Recommended to you