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News: Iran Economy

Iran's Misery Index Has Doubled – Statistical Center of Iran

Iran's Misery Index Has Doubled – Statistical Center of Iran

Iran's Misery Index, which measures total unemployment and inflation, rose to 39% last winter, while the figure was 19.4% in the winter of 2016, the Statistical Center of Iran said in its latest report on the economic situation in Iran.

According to the assessment, the unemployment rate reached 12.1% and inflation stood at 26.9% last winter.

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Iran Purchasing Power Plummets as the Cost of Living Rises by 50%

Iran Purchasing Power Plummets as the Cost of Living Rises by 50%

Iran’s deeply troubled economy has seen rampant inflation and soaring prices affecting the goods that Iranians need most and leaving many unable to buy enough food to eat.

Iran’s Center for Statistics said that the average Iranian family’s cost of living has risen by 50% in this Persian calendar year alone and that wage increases are almost insignificant in comparison.

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Oil Ministry Executive Arrested in Tehran

Oil Ministry Executive Arrested in Tehran

By Mohammad Sadat Khansari 

The Tasnim news agency, affiliated with the Iranian regime’s Revolutionary Guards Quds Force (IRGC-QF), reported on Tuesday that the “financial manager of the oil ministry” was arrested while trying to leave the country with $25 million.

Based on this report, the suspect had “wired the money to a moneychanger’s account” and “intended to leave the country on Tuesday”.

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Iran Fell Deeper into Recession Last Year

Iran Fell Deeper into Recession Last Year

By Amir Taghati

According to the latest report by the Statistical Center of Iran, Iranian gross domestic product (GDP) dropped by 4.9% in the last Persian year, which ended on March 21.

The report published on June 16 says Iran's GDP, including oil production, shrunk 4.9% in fiscal year 2018-19 compared to the previous year.

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