Record Inflation in Iran Makes Basic Foods Unaffordable – Highest Since WWII
As Iran’s inflation rate hits levels not seen since World War II, residents find daily shopping trips turning into reconnaissance missions for better prices. In Tehran’s Bastan market, a kilo of rice has jumped from about 1.8 million rials to over 5 million in a year. Cooking oil rose from 700,000 to more than 3 million rials over the same period. Many now shop multiple times a week just to compare prices. The owner of an inherited grocery shop says he is teetering on bankruptcy as purchasing power collapses. A housewife reports that red meat is a dream, chicken is a rare guest, and she counts eggs one by one. Economic experts point to a “perfect economic storm” of sanctions, plunging oil revenues, and maritime routes blocked by renewed US pressure. With fixed wages and soaring costs, both citizens and the state face an impossible equation.
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