Iran General NewsIran government unable to halt soaring costs, Jomhouri says

Iran government unable to halt soaring costs, Jomhouri says

-

Bloomberg: Iran’s government may have to abandon efforts to rein in inflation by forbidding producers to increase prices, the Jomhouri Eslami newspaper reported. Bloomberg

By Ladane Nasseri

Iran’s government may have to abandon efforts to rein in inflation by forbidding producers to increase prices, the Jomhouri Eslami newspaper reported.

The cost of a liter of milk and a kilogram (2.2 pounds) of wheat for local producers are 8,000 rials (0.65 cents) and 5,000 rials respectively, according to the newspaper, which typically reflects the views of the Iranian leadership. Producers can’t be expected to continue selling milk to the government at the official prices of 6,300 rials and 4,200 rials, it said.

Producer costs rose by between 34 percent and 37 percent in the Iranian year that ended in March, Jomhouri Eslami said, citing central bank figures. International sanctions imposed on Iran to curb its nuclear program have weakened the rial and added to inflationary pressures.

Latest news

Ebrahim Raisi’s Lies About Iran’s Economy

In a recent TV interview, Iranian regime president Ebrahim Raisi presented economic statistics rejected by experts and the media...

To Stay in Power, Iran’s Regime Liquidates National Assets

For several decades, Iranian regime supreme leader Ali Khamenei has sold Iran's resources and wealth for the survival of...

Iran’s 2023 Budget Shrouded In Doubt

On January 22, the Majlis (parliament) approved the draft of the 2023 budget bill proposed by regime president Ebrahim...

Iran: People of Khoy Still Reeling From 5.9-Magnitude Earthquake

An earthquake with a magnitude of 5.9 struck northwest Iran on Saturday, killing at least three people and injuring...

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Must read

Iran: Suicide bombers joined Hezbollah in Lebanon, militant says

AKI: A spokesman for an Iranian militant group which...

Britain: Iran seized 15 of our troops

Iran Focus: London, Mar. 23 – Britain’s Ministry of...

You might also likeRELATED
Recommended to you