“Statistics Continue to ConflictSince” last week’s nuclear agreement in Geneva hopes in Iran for the easing of economic pressure on the Iranian people have risen but a senior aide to President Hassan Rouhani dispelled such optimism and said that inflation could not be fully tackled in the next four years. This pessimism was aired […]
Tag: Inflation
Iranian auto parts workers cut down by poor economy
Iran’s automotive sector announced today, July 21, that close to 122,000 workers in auto parts factories have lost their jobs in the past year. A spokesman for the Automotive Parts Manufacturers’ Association said that since last year, economic fluctuations have forced many production units to lay off between 30 to 50 percent of their […]
Iran’s rampant inflation called sixth-worst in world
Reports from The Centre for Research of the Islamic Parliament and news agencies inside Iran claim that, unlike many other countries in the world that have been able to curb their economic difficulties and their double-digit inflation, Iran is shouldering its worst inflation in the past 17 years with the […]
Iran annual inflation hits 27.4 percent
Iran’s central bank says the annual inflation rate hit 27.4 percent at the end of 2012, one of the highest rates ever quoted by Iranian authorities.
Iran annual inflation hits 24.9 percent in October
Iran’s Central Bank says the country’s annual inflation rate hit 24.9 percent in October compared to 24.0 the previous month.
Iran inflation quickened to 23.5% in 12 months to Aug. 20
Iran’s inflation rate rose to 23.5 percent in the month that ended on Aug. 20 from 22.9 percent the previous month, the central bank said today on its website.
Western pressure, inflation send Iran’s rial to record low
(Reuters) – International sanctions imposed on Iran over its disputed nuclear programme, coupled with high inflation and fear of a military strike by Israel, has led Iran’s currency to fall to its lowest-ever level against the U.S. dollar.
Report says inflation, poverty line rising
Iranian families are facing an inflation rate of 50 percent as they shop for necessities, and the poverty line will rise by two million toumans ($1,800) by next March, says Abbas Vatanparvar.
Iran’s Inflation Rate Hits 17.2%
The governor of the central bank of Iran Mahmoud Bahmani said that the country’s 12-month inflation rate reached 17.2% despite the implementation of subsidy reform.
Inflation rates on the rise in Iran
Iran’s Central Bank has announced that the national inflation rate as 16.3 percent, ending a two-month delay in revealing where inflation stands.