According to the Central Bank of the Islamic Republic of Iran, the average cost of household goods and services has increased by more than 46.5% from last Nowruz (March 2022) to this one, an inflation that soars high above the sinking minimum wage. In reality, the figure is estimated to be closer to 63%, however, for the first time ever, Iran’s Central bank refuses to provide a point-to-point inflation rate. This Nowruz, Iranians were faced with the crippling reality of the dollar’s record low of 580,000.
According to the Central Bank of the Islamic Republic of Iran, the average cost of household goods and services has increased by more than 46.5% from last Nowruz (March 2022) to this one, an inflation that soars high above the sinking minimum wage. In reality, the figure is estimated to be closer to 63%, however, for the first time ever, Iran’s Central bank refuses to provide a point-to-point inflation rate. This Nowruz, Iranians were faced with the crippling reality of the dollar’s record low of 580,000.
Cartoon of the week: “Economy” by Nasrin Sheykhi. Source: CartoonMovement.
“Economy” by Nasrin Sheykhi. Source: CartoonMovement.
Weekly Newsletter
Every Thursday, our editors bring you the most important stories from Iran.
Join readers around the world. One email every week. No filler. Unsubscribe anytime.
