Iranians cut essentials and put dreams on hold as war-hit economy bites
Consumer prices are nearly 90% higher than a year ago, forcing families to cut food, rent and education spending, officials and residents said.
5 Articles
5 Articles
Iranians cut essentials and put dreams on hold as war-hit economy bites
By Parisa Hafezi DUBAI, Oct 28 (Reuters) - Iranian families are cutting back on food, housing and education as the eight-month-old war with the United States fuels one of the country's worst inflation surges in decades, eroding incomes and pushing hous...
The aftermath of Iran's war, with the economic situation already deteriorating in the country for years, has infiltrated into the finest details of daily life, from dining tables to rents and education expenses, with income erosion under a severe inflation wave and currency depreciation. Iranian families have never seen a reduction in their spending on food, housing, and education in the ongoing war since... read more.
Tehran: Iranian families did not seem to have reduced spending on food, housing, and education in the eight-month war with the United States, which fed one of the worst inflations in the Islamic Republic in decades, eroding income and pushing families to the brink.
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