{"id":307411,"date":"2023-05-16T13:58:56","date_gmt":"2023-05-16T12:58:56","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/?p=307411"},"modified":"2023-05-16T16:16:21","modified_gmt":"2023-05-16T15:16:21","slug":"irans-descent-into-misery-inflation-poverty-and-corruption-push-people-to-the-edge","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/economy\/irans-descent-into-misery-inflation-poverty-and-corruption-push-people-to-the-edge\/","title":{"rendered":"Iran’s Descent into Misery: Inflation, Poverty, and Corruption Push People to the Edge"},"content":{"rendered":"

\"iran-children-garbage-poverty\"<\/p>\n

Nearly two years into Raisi’s presidency, his disastrous policies and mismanagement have worsened Iran’s financial crisis. According to official accounts, which are known for being anything but transparent, inflation remains above 50%, while consumer goods prices continue to skyrocket.\u00a0<\/span>\u00a0<\/span><\/p>\n

In an article on May 15, the state-run Tejarat News acknowledged<\/a>, \u201cA sharp decline in economic growth is highly probable for 2023.\u201d\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cSince June 2021, various factors, including the elimination of preferential currency, pessimism surrounding negotiations with global powers, increased capital outflows, and the repercussions of events in the latter half of the year, have triggered substantial price surges. The annual inflation rate has surged back up to a staggering 50% threshold,\u201d the state-run outlet added.\u00a0<\/span>\u00a0<\/span><\/p>\n

Tejarat News acknowledged that \u201cThis year, the persistence and escalation of longstanding conflicts, capital outflows impacting the currency market, and the potential revision in energy prices have generated anticipations of soaring inflation rates.\u201d<\/span>\u00a0<\/span><\/p>\n

In the midst of internal power struggles within the regime, the state media has now openly admitted that Ebrahim Raisi’s government<\/a> manipulated the figures of the regime\u2019s Statistics Centre to conceal the unprecedented inflation. In an article titled “The government announced the inflation rate after two months, but with manipulation,” the state-run Taadol newspaper exposed the government’s deliberate attempt to downplay the alarming inflation by understating the actual figures in the report. <\/span>\u00a0<\/span><\/p>\n

The state-run Donyay-e Eghtesad website highlighted the government’s “collective censorship of data,” pointing out that unlike in previous years, Iran’s Statistic Center has refrained from publishing the inflation rate for the past two months. This omission further underscores the government’s deliberate attempt to suppress and withhold crucial information from the public.\u00a0<\/span>\u00a0<\/span><\/p>\n

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Ebrahim Raisi\u2019s failure to fix Iran\u2019s economy<\/div><\/div>
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