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(Al-Monitor) Ali Dadpay - The Statistical Center of Iran (SCI) reported a monthly inflation rate of 12.2% and a yearly rate of 52.5% for the Iranian month ending June 21. This means an Iranian family lost 10% of its shopping power within this 30-day period and is paying 50% more for the same products compared to spring 2021. One wonders if Iranian consumers can hold on much longer. The writer is an associate professor of finance at Gupta College of Business, University of Dallas.2022-07-14 00:00:00Full Article
Unprecedented Inflation Hammers Iran
(Al-Monitor) Ali Dadpay - The Statistical Center of Iran (SCI) reported a monthly inflation rate of 12.2% and a yearly rate of 52.5% for the Iranian month ending June 21. This means an Iranian family lost 10% of its shopping power within this 30-day period and is paying 50% more for the same products compared to spring 2021. One wonders if Iranian consumers can hold on much longer. The writer is an associate professor of finance at Gupta College of Business, University of Dallas.2022-07-14 00:00:00Full Article
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