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Two-minute read<\/em><\/strong><\/p>\n Iran is grappling with a worsening economic crisis as rampant inflation<\/a> and soaring poverty continue to strain the daily lives of millions. Recent data highlights sharp increases in the cost of basic goods, such as bread, and a growing reliance on installment-based purchases, signaling a society increasingly burdened by financial hardship.<\/p>\n A sharp rise in food prices has exemplified the crisis. On November 16, the official Iranian news agency confirmed<\/a> a 25% increase in bread prices in Semnan Province. Subsidized Lavash bread now costs 6,250 rials, compared to 2,500 rials in 2021, while Barabari bread has risen from 7,500 rials to 18,750 rials during the same period\u2014a staggering increase of more than 100% in three years. Similarly, in Mashhad, the price of tomatoes surged by 400% within just three weeks, reaching 18,000 tomans per kilogram.<\/p>\n Amid these price hikes, families are increasingly turning to installment-based purchases to meet basic needs. A November 17 report by Ham-Mihan<\/em><\/a> highlighted a surge in the use of credit platforms, with a 200% increase in small loans for food purchases. Families are buying essentials like meat, dairy, and poultry on credit, while installment plans now extend to services like cosmetic and dental procedures, advertised with 12-month repayment options. Sociologist Somayeh Tohidloo warned that this trend is “eating away at the future,” trapping families in a cycle of perpetual debt and worsening systemic poverty.<\/p>\n Amid Budget Shortfall in #Iran<\/a>, #Pezeshkian<\/a> Government Prioritizes Gas Price Hike Over Security Expenditureshttps:\/\/t.co\/MEzoIUDB75<\/a><\/p>\n — NCRI-FAC (@iran_policy) October 1, 2024<\/a><\/p><\/blockquote>\n\n