MEK:Iran Economic Crisis Continues
Ebrahim Raisi and his government promised the Iranian people that their living conditions will improve soon after he was elected President. However, after a period, not only have the conditions not eased, but they have gotten worse, and the number of people living in poverty has increased.
The very high cost of food, rents, travel costs, etc
This is something that is based on the regime’s official figures, not on supposition. According to the regime’s statistics department, food and beverage prices in the country increased by 61.4 percent in the 12 months leading up to October this year compared to the same period the previous year (annual inflation), setting a new high in food inflation.
“According to the Iranian Statistics Center, the inflation rate in October 2021 was 45.4 percent. On paper, these figures show horrendous inflation. The most terrifying aspect of this phenomenon, however, is felt in the daily lives of millions of people, particularly in urban areas.
The economic situation is ” beyond critical”
On November 15, the state-run daily Mostaghel wrote, “The very high cost of food, astronomical rents, travel costs, large figures for health care, etc., have put the middle class in the midst of a two-way decision.”
The economic situation has gotten to a point, that the authorities are forced to acknowledge the existence of “beyond critical” conditions in official statistics.
“One of Raisi’s government’s promises was to address the economic problems of the vulnerable immediately,” the state-run daily Etemad reported on November 14, “but the daily increase in prices during this government’s first 100 days does not show any clear prospects for improving the poor’s situation. With the removal of the 4,200 toman currency (each dollar).
There is no chance of any fall in prices
This condition suggests that many individuals have exceeded the poverty and absolute poverty lines and have reached the survival line, where they are attempting to avoid starvation on a daily basis.
Even many government officials and specialists can see the source of the problem. Institutional and structural corruption to the point where any economic enterprise, regardless of size or quality, in this regime becomes a target for rent-seeking and looting by government officials.
‘Up to $55 billion worth of 4,200 Tomans has been distributed around the country,’ according to MP Mohsen Zanganeh, but the consequence has not been a fall in prices, and it has resulted in many incidents of rent-seeking and economic fraud.’
The situation of prices would be different if this money was spent on purchasing fundamental commodities required by the people and distributed in the market at a price of 4200 Tomans. However, the government’s corruption prevented this from happening.
Subsequently, on November 14, the state-run daily Donya-eghtesad warned that “there are no miracles in the economy” and that “the structural problems that the Iranian economy has been suffering from for more than five decades, and whose symptoms and effects on the nation’s livelihood have become worse in recent years due to international tensions and hardships, will not improve significantly with any immediate action.”
Iran’s minimum wage policy is a dagger in workers’ backs
and follow NCRI (Twitter & Facebook) and People’s Mojahedin Organization of Iran – MEK IRAN – YouTube