Summary
Iran's economy is struggling, leading to rising prices and making life harder for many people. The cost of basic items like food has increased dramatically, and the value of Iran's currency, the rial, has dropped. Protests erupted in response to these economic problems.
Key Facts
- Food prices in Iran have doubled in the past year.
- An internet blackout affected women selling goods online, damaging their income.
- Inflation in Iran has reached about 60% over the past year.
- The cost of a family food basket is eight times higher than it was five years ago.
- The value of the Iranian rial has fallen by over 95% against the US dollar since 2018.
- Protests, initially about living costs, quickly turned against the government.
- Families are cutting back on expenses, avoiding branded goods and foreign trips.
- Annual beef and lamb consumption per household in Iran has dropped by half since 2004.
