An Economist: Inflation in Iran Over the Past Two Decades Has Been 3090 Percent

Farshad Momeni, an economist, has announced that inflation in Iran over the past two decades has reached 3090 percent, asserting that during the last 20 years, liquidity growth has been 10,250 percent. According to the website 'Jamaran', Mr. Momeni, the head of the 'Institute of Religion and Economy', stated in a meeting titled 'Knowledge and Development' that in the 1390s decade, the number of knowledge-based companies in Iran grew by 12,700 percent, while Iran simultaneously faced a decline in production productivity, a fall in the terms of trade, and the expansion and deepening of poverty. He added that the government wants to maintain its relationship with the people at a standard from 270 years ago, making it impossible to become knowledge-based. This economics professor referred to a report from the Economic Commission of the Islamic Consultative Assembly, which stated that in the two decades leading up to 1400, production growth in Iran over twenty years was 36 percent. Momeni questioned the method of calculating production growth, emphasizing that extracting oil from the depths of the earth and selling it in its raw form is not considered production. According to him, in recent decades, oil has been sold as a finite and intergenerational asset, and with this understanding of production, the growth of production over twenty years has been 36 percent. Farshad Momeni's criticisms of economic governance, alongside tangible realities for the people in Iran, indicate that the Islamic Republic has implemented anti-development policies with a consumptive view of Iran over the past four decades. The destruction of Lake Urmia and the country's wetlands, the depletion of underground water tables, the onset of land subsidence, the raw sale of oil, the raw sale of minerals, and the establishment of production and processing units in various industries without regional planning and attention to the potential of areas, among many other issues, are the results of these anti-development and tribal policies in the governance of the Islamic Republic. Eggs, the only protein source for workers' tables; the government seeks a slight increase in wages amidst a 60,000 Toman dollar and ongoing livelihood protests; retirees' gatherings in several provinces of Iran; the consequences of economic inefficiency | Media: Iran on the brink of class stratification; the government: we have pulled the brakes on 'inflationary factors'! One news agency pointed out that with a livelihood basket of 28 million Tomans, lower-income deciles are surviving on eggs. Half of Iranians are below the absolute poverty line; the deputy of Raisi: wage growth must align with the economic conditions of the country.