An economic news analysis website has reported on official data from the government statistics center, stating that since the rise of Ebrahim Raisi's government, the prices of essential goods have increased between 125% and 290%. The website 'Tejarat News' emphasized that in the inflation train of the thirteenth government, 'the price of red meat has approximately quadrupled.' The report mentions that the prices of both foreign and Iranian rice have grown by 125% and 148%, respectively, by the end of Bahman this year compared to the day of Raisi's inauguration. It also noted that the average price of liquid oil reached 63,000 tomans by the end of Bahman, which is 265% higher than the price on the day of Raisi's inauguration. According to this report, tomato paste has increased by 153%, sugar and sweets by 150%, and eggs by 175%. These price increases have led to a significant reduction in access to food for a considerable portion of the population and the removal of many items from their food baskets. Based on these price increases, the livelihood basket calculated by the Tehran Islamic Labor Councils for workers, considering prices in Bahman, has been declared at 32 million and 850 thousand tomans. Additionally, critics believe that the government intends to impose a 20% increase in the minimum wage as an agreement between employers and workers on wage earners. The consequences of economic inefficiency are evident, with media reports suggesting that Iran is on the brink of class stratification, while the government claims to have pulled the brakes on 'inflationary factors.' Inflation for food items is 38% higher than the annual inflation rate, with the price index for 10 food items rising in one year; red meat inflation was 93%. Pharmaceutical inflation has exceeded 80%, and dental care has been deprioritized. Iran's economy is on the path to food rationing, increasing dependence on imports and a $3.7 billion deficit in foreign reserves.
The High-Speed Locomotive of Inflation Under Raisi's Government; Prices of Essential Goods Have Increased by Up to 290%
Since Ebrahim Raisi took office, essential goods in Iran have seen price increases ranging from 125% to 290%, severely impacting food access for many citizens. Critics argue that the government is attempting to impose a 20% minimum wage increase amidst these economic challenges. This situation highlights the ongoing economic crisis and rising inflation in Iran.
👥 Key Players
📰 What Happened
Since Ebrahim Raisi took office, essential goods in Iran have seen price increases ranging from 125% to 290%, severely impacting food access for many citizens. The government is also considering a minimum wage increase amidst these economic challenges.
- Prices of red meat have quadrupled since Raisi's inauguration.
- Inflation for food items is 38% higher than the annual inflation rate.
💡 Why It Matters
📚 Background
Iran has been grappling with economic challenges for years, including high inflation and unemployment, worsened by international sanctions and mismanagement.
🏷️ Entities Mentioned
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Translation confidence: 85%