A Research Center Affiliated with the Ministry of Industry: Inflation Will Reach 55 to 65 Percent and Housing Prices Will Increase

A research center affiliated with the Ministry of Industry, Mine and Trade reported in a document titled 'Outlook for Iran's Economy in 1402' that we will experience a slowdown in economic growth and a rise in housing prices. The Institute for Trade Studies and Research announced an increase in the exchange rate if the current political situation persists. The report states: 'Increased inflation expectations and continued high inflation will lead to an upward trend in the stock market to 3 million and a 40 to 50 percent increase in housing prices.' The Institute for Trade Studies and Research predicts that if there is relative stability in the domestic and regional political conditions in 1402, positive economic growth of about 2 to 3 percent is expected, which will be lower than the economic growth rate of 1401. The authors of the report emphasized that with the continuation of sanctions, a continued decrease in social capital, increased uncertainty, and consequently capital flight from the country will occur. The research arm of the Ministry of Industry also predicted that if the current conditions continue, the dollar exchange rate will fluctuate between 55,000 to 65,000 tomans, and any unrest or tension will lead to a surge in the exchange rate. The report adds that the consumer inflation rate is estimated to be between 55 to 60 percent and the producer inflation rate between 50 to 55 percent. The main problem in Iran's economy is identified as sanctions and restrictions on financial and monetary transactions. A decrease in real income, a drop in household purchasing power, and an increase in the poverty line are considered the main social issues, while in management and budgeting, the budget deficit due to structural problems in the banking system and pension funds is highlighted. It is noteworthy that the website Tejarat News reported on Sunday, July 25, citing 'field reports' from Tehran province, about an unprecedented increase in the price of chicken meat to 110 to 112 thousand tomans per kilogram. The record-breaking price of chicken meat continues in recent weeks, while Ebrahim Raisi, the President of the Islamic Republic of Iran, promised to control its price from the very beginning of his term in 1400 by forming a 'Specialized Chicken Headquarters.' The approved price of chicken meat in Farvardin last year increased from 31 thousand tomans per kilogram to 59 thousand and 800 tomans. This upward trend continues, and the latest price for consumers has been set at 73 thousand tomans per kilogram. However, this figure remains on paper, and media, including those known as principlists, have criticized this trend. During the 1400 presidential election, Ebrahim Raisi promised to 'eliminate the dependency of essential goods and the people's table on exchange rates, solve class disparities and injustice by changing incorrect economic policies, adjust people's wages according to inflation, support families and deprived groups, and provide minimum livelihood through purchase cards for the bottom three deciles.' He even ordered the 'eradication of absolute poverty' by the end of that year, just two weeks later. Pensioners in various cities of Iran took to the streets again: 'Inflation is a scourge for the people.' Protests by pensioners in Ardabil with the slogan 'Inflation is a scourge for the people.' Part of the program 'Last Page' - Inflation and price increases are intentional and benefit the government. The failure of Raisi's 'Specialized Chicken Headquarters'; the price of chicken in Tehran surpassed 110 thousand tomans. The economic disaster of Raisi's government in the first four months of the year is horrifying and unimaginable. In two years, the cost of housing construction doubled. Unprecedented increases in food prices over the past two years; the people's table is becoming 'smaller and smaller.' Protests by state pensioners in several cities in Iran; 'Both the parliament and the government - they lie to the nation.'