Figures from the most recent report for March 2024 by the Iranian regime’s Center for Inflation Statistics present that meals sector inflation skilled a shock within the first month of the 12 months.
According to an April 25 report within the regime’s Doñay Extesad newspaper, the costs of “onions, oranges, lemons, peppers, and pomegranates,” which had the best inflation charges that month, confirmed that, primarily based on statistics, “costs have elevated by greater than 10 %. “I did it.” Statistics Center Report.
The newspaper additionally famous that toddler system and pink meat are necessary merchandise which were affected by “worth will increase of greater than 60%” previously 12 months.
According to the Iranian Statistics Center, “In the point-to-point inflation sector, canned tuna, whose worth elevated by 109%, grew to become the one commodity that skilled a worth enhance of greater than 100% previously 12 months.”
Another notable facet of the March 2024 meals point-to-point inflation statistics supplied by the National Statistics Center is that the inflation price is at a two-year low.
However, on April 24, state newspaper Etemad quoted economist and Ahvaz Chamran University professor Morteza Afghar as saying that Iran’s annual inflation price had reached 38.8 %, writing: Ta. It additionally caused a recession, resulting in the closure of some small and medium-sized factories and companies hit by lowered liquidity. ”
Iran’s inflation price has been above 30% since 2018, and the International Monetary Fund forecasts that Iran’s inflation price might be 37.5% this 12 months.
Iran is likely one of the few international locations on the earth that has skilled hyperinflation over the previous few years.
The International Monetary Fund warned in late February that even when Iran had been “barely” dragged into the Israel-Hamas conflict, the nation’s economic system wouldn’t solely develop slower this 12 months but in addition shrink by 5%.
International organizations have warned that Lebanon will shrink by 20% this 12 months and the economies of Yemen and Iraq will endure if the nation is drawn into conflict by assaults by Iran-backed group Hezbollah.