Iran General NewsIran inflation rate rising ten times faster than national...

Iran inflation rate rising ten times faster than national growth


Iran Focus: Tehran, Iran, Apr. 01 – Iran’s official inflation rate is rising ten times as fast as the national growth level. Iran Focus

Tehran, Iran, Apr. 01 – Iran’s official inflation rate is rising ten times as fast as the national growth level.

The Iranian government puts the inflation rate in the Persian calendar year which ended March 19 at above the 18 percent threshold. Most economic analysts who follow the state of Iran’s fitful economy put the real level at well above 20 percent.

Still, even when using the officially-announced figures, the government’s economic track record offers a poor show, considering that the state generated an all-time-high income of $75 billion, mostly from its vast oil and natural gas resources.

Government figures show that the inflation rate over the year that just ended rose more than five percent from the 13.6 percent over the previous year.

This is while the national growth level increased from 6.2 percent to 6.7 percent – a half-a-percent jump.

The tenfold increase of the inflation rate over the national growth level is a telling sign of the duress the economy has suffered with the policies employed by hard-line president Mahmoud Ahmadinejad.

This is not to say that Iran’s mismanaged economy had been prospering under previous governments. Most Iranians have continued to suffer economic hardships since the early days of the 1979 Islamic Revolution.

Ahmadinejad’s 2005 presidential campaign ran with the platform that he would bring the nation’s wealth to every citizen’s dinner table. Yet, the average price of most household goods has increased by over 20 percent over the past year alone, leading to almost daily acts of anti-government protests across the country.

Many ordinary Iranians would seem to prefer that money diverted to the regime’s nuclear program – which is supervised directly by Iran’s Supreme Leader Ayatollah Ali Khamenei – is instead spent on domestic projects to slow down economic regression.

Latest news

Grim Tidings for Iran’s Regime After Approval of UN Fact-Finding Mission

After many discussions and debates, the United Nations Human Rights Council has approved a fact-finding mission to investigate the...

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Must read

Canine protest

Iran Focus: Isfahan, Jun. 09 – Political activists in...

Iran Revolutionary Guards chief: nuclear capability ensures our survival

Iran Focus: Tehran, Iran, Aug. 12 – The commander...

You might also likeRELATED
Recommended to you