Iranian families struggle to afford the basics as US ratchets up economic warfare
The International Monetary Fund expects inflation to reach nearly 70% as unemployment rises and Iran loses more than 1 million jobs, officials and state media said.
- Nearly six months into the war with the United States and Israel, Iran's economy is struggling under severe sanctions and a naval blockade, with inflation projected to rise nearly 70% by year-end and the economy forecast to shrink more than 5%.
- Tehran's Grand Bazaar remains packed as shoppers seek affordable staples, though grocery costs have surged dramatically since the conflict began; rice is 60% more expensive and beef costs 150% more than before the war.
- A Labor Ministry official reported that more than 1 million jobs were lost within the first three months of the war, though official government statistics place Iran's unemployment rate at 9.1%, with state-affiliated media suggesting the real figure is much higher.
- Seeking to manage public opinion, Iran's government has relaxed mandatory hijab enforcement as a long-sought social freedom, while officials warned that domestic gasoline consumption exceeds production, risking price hikes that historically trigger widespread protests.
- Hadi Kahalzadeh, an expert on Iran's economy at Brandeis University, said the country's resistance capacity prevents economic pain from translating into the political changes the United States expects, as Iran continues using informal networks to circumvent sanctions.
18 Articles
18 Articles
Trump says there is no prospect of negotiations with Iran Iranian families are struggling to buy the basics in the midst of intensifying economic pressure from the United States to Iran, according to the Associated Press news agency. ✅ Follow the international news channel of the g1 on WhatsApp Although the government of Tehran denies that the economic war declared by Trump on Wednesday (19) will affect the country, reports show that many famili…
Associated Press News
Iranian families struggle to afford the basics as US ratchets up economic warfare
Tehran’s grocery stores are well-stocked, but many Iranian families can barely afford the basics. Nearly six months into the war, food, medicine and everything except heavily subsidized gasoline have become far more expensive as Iran's economy takes a beating from sanctions and a naval blockade.
Tehran’s grocery stores are well stocked, but many families can barely afford basic commodities. Unemployment is skyrocketing and those who have jobs do more hours in exchange for money that’s worth half a year ago, which puts food, medicine and everything else — except gasoline, which has major subsidies — even further away from their reach.
Coverage Details
Bias Distribution
- 65% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
