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 since the conflict began; rice is 60% more expensive and beef costs 150% more than before the war.
- Official government statistics place Iran's unemployment rate at 9.1%, though state-affiliated media suggest the real figure is much higher; a Labor Ministry official reported more than 1 million jobs were lost within the first three months of the war.
- Seeking to manage public opinion, the government has relaxed mandatory hijab enforcement, a long-sought social freedom. Officials warned last week 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 the nation continues using informal networks to circumvent sanctions.
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Iranian families struggle to afford the basics as US ratchets up economic warfare - Boston News, Weather, Sports
TEHRAN, Iran (AP) — Tehran’s grocery stores are well-stocked, but many families can barely afford the basics. Unemployment is soaring and those with jobs are working more hours for money worth half as much as a year ago, putting food, medicine and everything else — except for heavily subsidized gasoline — further out of reach. “We have virtually given up on many things,” said Ahmad Karimi, 52, a taxi driver and father of two who has been working…
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…
The Toronto Star
Iranian families struggle to afford the basics as US ratchets up economic warfare
TEHRAN, Iran (AP) — Tehran’s grocery stores are well-stocked, but many families can barely afford the basics. Unemployment is soaring and those with jobs are working more hours for money worth half as much as a year ago, putting food,…
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