Iran's Leaders Care More About Getting the Bomb than Helping Their People
In their pursuit of nuclear weapons, Iran's leaders are imposing severe and worsening economic hardship on their population.
The government’s statistics office said the rate increased in March to an annualized 31.5 percent, compared with 30.2 percent in February and 26.4 percent a year earlier, the semiofficial Mehr News Agency reported. The Mehr report did not offer an explanation for the increase except to specify that much of it was in the categories of food, beverages and tobacco.
Many economists say the real rate could be at least double the official rate, partly because it does not fully take into account the prices of many imported goods, which have become prohibitively expensive. The main reason is the severe depreciation of the rial, Iran’s national currency, as the sanctions that have limited Central Bank activities and oil exports have taken hold.
Some experts believe the Iranian inflation calculation deliberately understates the actual rate in order to present a public face of resistance to the coercive pressures inflicted by the sanctions, which have been imposed largely by the United States and European Union.
See more of our coverage in your search results.
Got a tip? Send it to The Daily Beast here.
Register below to read this article for free or subscribe
to unlock unlimited access to The Daily Beast.
Monthly
$1
First month then $5.99/month
Annual
$35
First year then $59.99/year
Premium
$79
First year then $119.99/year
*Substack access provided by the next business day, using your subscription email. Choosing the Premium plan constitutes your permission to share your subscription email with Substack and your agreement to Substack’s Privacy Policy.
Already have an account? Sign In
Looks like you already have a subscription!
You're all set!
Thanks for subscribing.