Surging Inflation in the New Iranian Year

Surging Inflation in the New Iranian Year

In the early days of the new Iranian year (which began on March 21), Iran’s economy is grappling with crises such as the rapid depreciation of the national currency, a lack of investment, inflation of at least 35%, a noticeable decline in people’s purchasing power, and issues arising from energy imbalances. The Research Center of the Iranian Parliament previously reported that in the year 1404 (starting March 21, 2025), Iran’s economy will face …