Iran’s Ham-Mihan newspaper says the country has experienced its highest inflation in 80 years during the administration of President Ebrahim Raisi’s tenure.
In a report, Ham Mihan said exactly a year ago, namely in May 2023, Raisi instructed government officials in 10 paragraphs to curb inflation and increase production.
According to the report, the inflation rates Iran has experienced during Raisi’s tenure has been the highest since 1943.
Previously, the administration of former president Akbar Hashemi Rafsanjani held the record of highest inflation with a 49.4% rate.
The high inflation of the years 1942 and 1943 in Iran was blamed on World War Two and the occupation of Iran by the allied forces.
The figures about the inflation are published by the Central Bank of Iran.
Raisi has been repeatedly criticized by citizens, media and former officials for its handling of the economy.
His critics say Raisi mistakenly thinks economic problems can be resolved through issuing orders, which is not the case.
But the Raisi administration says it has managed to contain the rising inflation and the downward spiral of the rial against foreign currencies.
The Republic of Azerbaijan’s Foreign Ministry has announced it is moving it embassy in Tehran…
Renowned Iranian actress Zahra Khoshkam, whose acting career spanned over five decades, passed away at…
The spokesman for the Iranian Ministry of Foreign Affairs, Nasser Kanaani, has condemned as unacceptable…
Iran’s ambassador and permanent representative to the United Nations Amir Saeed Iravani says his country’s…
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping have agreed to strengthen ties…
Israeli Defense Minister Yoav Gallant on Thursday revealed plans to send additional troops to join…