‘The wealthy poor’: Soaring food prices hurt Iranian families
Summary
Food prices in Iran have more than doubled in the past year, making it hard for many families to afford basic groceries. Inflation for major food groups rose sharply in June and July, causing people across Tehran to reduce their purchases, including essential items like meat and rice.Key Facts
- Food inflation in Iran increased by 128% from June 21 to July 20 compared to last year.
- Eight out of ten main food groups saw prices rise by over 100%.
- Many Iranians say their salaries no longer cover monthly food costs despite raises.
- Red and white meat prices went up by about 145%.
- Shoppers are cutting back on preferred foods like quality rice and oils to save money.
- Grocery shops face daily price changes and some customers now ask to buy on credit.
- Market activity has drastically declined, with shop owners calling it a “clinical death.”
- Iran has been under economic pressure from war conditions and a naval blockade but has not collapsed economically.
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