Iran is experiencing severe economic strain, with annual inflation reaching 89%, long queues at gas stations, and a sharp rise in food prices, according to The Zioneer. The development marks the latest phase in a deepening cost-of-living crisis that has seen the national currency collapse and multiple sectors disrupted.
The Zioneer reports that Iran's economic crisis has deepened, with annual inflation now at 89%, long queues forming at gas stations, and food prices surging sharply. The figure marks a slight increase from the 87.9% inflation recorded in July, as The Zioneer reported on July 31. Long fuel queues have been a recurring feature of the crisis, with footage from mid-July showing hundreds of cars waiting at stations. The food price surge continues a trend that saw prices double year-over-year across all 31 provinces in July. The report comes amid a broader economic collapse, including a 6.1% GDP contraction forecast by the IMF in June, as previously covered by The Zioneer.
2 developments
- DevelopingIran's annual inflation hits 88.6%, food prices surge 134.6% — official data shows
- DevelopingThe source urges Iranian people to demand change, citing price hikes
- DevelopingIran's inflation hits 87.9% in July, food prices double across all provinces
- DevelopingBread prices in Iran nearly double overnight amid economic crisis
Source and signal
- Open-source intake