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News
Iran weighs gasoline rationing as fuel deficit widens
5+ hour, 33+ min ago (1627+ words) Iran’s government is considering three proposals to curb gasoline consumption as war damage, import difficulties and a widening gap between domestic production and demand put growing pressure on fuel supplies. The options include imposing a daily cap on supplies to…...
Iran???s annual inflation remains above 80% as household pressure persists
13+ hour, 58+ min ago (1642+ words) Iran’s year-on-year inflation rate remains above 80%, keeping pressure on household finances despite a decline in monthly inflation following recent currency and war shocks, ISNA reported on Saturday. The report said the easing in monthly inflation was a positive sign, but…...
Iran weighs 30-liter monthly gasoline allocation per person
13+ hour ago (1650+ words) Iran is considering a proposal to allocate 30 liters of gasoline per month to each person, with the quota transferable and tradable, as part of three options being reviewed to manage the country’s gasoline supply, the head of the Energy Optimization…...
Iran province suspends plan for sharply higher petrol price
3+ day, 2+ hour ago (1620+ words) A plan to sell petrol at a much higher “refinery cost” rate in southern Kerman province was halted hours before it was due to begin, the provincial fuel distribution company said on Thursday. The petrol was scheduled to go on…...
Rising costs leave Iranians nothing for a coffee
5+ day, 2+ hour ago (1670+ words) Rising living costs have forced many Iranians to give up cafes and restaurants, turning a once-routine form of leisure into an expense increasingly squeezed out by rent, food and healthcare, messages to Iran International say. “Cafe and restaurant outings are…...
First red meat, now dairy: Iran’s household diet keeps shrinking
6+ day, 15+ hour ago (1644+ words) Oil, gas and Iran economic analyst Soaring food prices are reshaping what Iranian families eat, with new figures showing a steep decline in dairy consumption alongside a longer retreat from red meat as household purchasing power erodes. Annual dairy consumption…...
Iran’s 7% unemployment rate masks deeper jobs crisis, experts say
1+ week, 1+ day ago (1662+ words) Nearly one million people dropped off Iran’s social security contribution rolls over the past year, a labor expert told ILNA, pointing to a sharp contraction in formal employment that he said is not reflected in the country’s official unemployment rate....
War or government failure? Record inflation fuels political battle in Iran
1+ week, 4+ day ago (1671+ words) The latest figures released by the Statistical Center of Iran offer the starkest assessment yet of the country's economy, as record inflation intensifies debate over whether the war or government mismanagement is primarily to blame. Average annual inflation has climbed…...
Iran managing the inflation statistic, not the inflation
1+ week, 5+ day ago (1719+ words) A month-long banking outage helped Iran’s Central Bank claim inflation had nearly halved, even as prices stood 84 percent higher than a year earlier and food costs continued to rise sharply. In late July, the governor of Iran's central bank, Abdolnaser…...
Iran is living through America’s 2022 inflation shock almost every month
3+ week, 16+ hour ago (1729+ words) Consumer prices in Iran are nearly 89 percent higher than a year ago, as the country compresses into weeks the kind of inflation shock Americans experienced over all of 2022. In Iran, everyone is watching the same number this summer. The US…...