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

Iran’s Regime’s New Hijab Bill Seeks to Silence Women

On May 21, Ebrahim Raisi’s government approved and sent a bill on "Chastity and Hijab" to Iran’s Parliament (Majlis)....

Iranian Opposition Condemns Release of Tehran’s Convicted Diplomat-Terrorist Assadollah Assadi

The recent prisoner exchange between Belgium and Iran, announced by the government of Oman, has sparked strong condemnation from...

World leaders call on Biden to adopt new Iran policy

In a joint letter, 109 former world leaders signed a letter calling for accountability in Iran and urging U.S....

The Unsettling Child Marriage Epidemic Sweeping Iran

The horrific scene of a man holding the severed head of his 17-year-old wife, Mona Heydari, in southwest Iran,...

How Iran’s Housing Crisis Can Trigger More Protests

Renting a home in Iran has become nearly impossible for tenants who not only have buried their dream of...

Iran’s Budget Deficit Has Doubled

In the absence of statistics from Iran’s Central Bank and despite the government's false claims that the budget for...

Must read

Iran’s top cleric praises Ahmadinejad on atom issue

Reuters: Supreme Leader Ayatollah Ali Khamenei, Iran's top authority,...

Swedish Media Report on Anti-Zarif Protest

By Jubin Katiraie The Swedish media have been reporting...

You might also likeRELATED
Recommended to you