Iran’s Economy Is Buckling Under the Weight of War

Iran’s Economy Is Buckling Under the Weight of War

Every week, the shopping lists of Iranians become shorter as inflation soars and purchasing power plunges. “As things disappear from the dining table, fruit goes first, then dairy products, then anything considered non-essential,” a woman in the Iranian capital, Tehran, said in an audio message sent to RFE/RL’s Radio Farda. “Ultimately, everything we buy is only essentials, but even then, nothing is affordable,” added the woman, who spoke on con…

Iran Lurching Toward 'Severe Economic Collapse' As War Takes Its Toll

Iran’s war with the United States and Israel has pushed the Islamic republic to the verge of economic collapse. Observers say that Washington is betting that economic pressure will force it to capitulate.

Iran’s Inflation Crisis Enters New Territory as Poverty and Unemployment Deepen

Official statistics show annual inflation reaching 66 percent, while the misery index approaches 96 percent and 19 provinces reportedly exceed the 100-percent threshold. Iran’s economic crisis is entering a new and increasingly dangerous phase. Official statistics cited by Iranian economists show annual inflation reaching 66 percent, while inflation in some income groups and disadvantaged provinces has reportedly entered three-digit territory. A…