Cost of Living Spikes for Iranians

Keeping Calm

Updated Apr. 24, 2017 4:49PM EDT / Published Jan. 20, 2011 1:07AM EST

Iranians appear to be taking cuts to major government subsidies in stride as they quietly adjust to paying more for gas, electricity, and food. The cuts come as the rogue state tries to save money. Gasoline consumption is down 14 percent over the last month. Iranians are using public transportation more frequently. Officials clearly expected a less resolute response. Media restrictions were bumped up, and security forces increased their presence in the capital, Tehran. Iran's cuts may point a may for the future for many oil-rich Middle East states who face long-term economic instability.

Read it at The Wall Street Journal

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Cost of Living Spikes for Iranians