Inflation soars to a record 61 per cent as Iran's economy lurches into crisis

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NCRI – Iran’s inflation has soared to 61 per cent – inflicting an even greater cash burden on the population’s dwindling spending power, a regime official has admitted.

Kazem Jalali, the head of the parliament’s research center, blamed the exchange rate and bad management of monetary policy by ministers for the rocketing prices.

He said on July 23: “Inflation and the economic state of the nation is such that it will not be corrected quickly.

“Inflation is being caused by many factors, including the currency exchange rate, financial and monetary policies and incomplete execution of the Subsidy Reform Plan, so there must be some planning done for all of these.

Read more at NCR-Iran.

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