{"id":22257,"date":"2021-05-26T06:00:50","date_gmt":"2021-05-26T04:00:50","guid":{"rendered":"https:\/\/iranfreedom.org\/en\/?p=22257"},"modified":"2021-05-25T20:58:47","modified_gmt":"2021-05-25T18:58:47","slug":"iran-economy-in-decline","status":"publish","type":"post","link":"https:\/\/iranfreedom.org\/en\/articles\/2021\/05\/iran-economy-in-decline\/22257\/","title":{"rendered":"Iran Economy in Decline"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<!--?xml encoding=\"UTF-8\"--><html><body><p>The Iranian <a href=\"https:\/\/iranfreedom.org\/en\/2021\/05\/21\/iran-state-media-admits-to-regime-destruction-of-economy\/\" target=\"_blank\" rel=\"noreferrer noopener\">economy <\/a>continues its steep decline in the last month of <a href=\"https:\/\/iranfreedom.org\/en\/2019\/09\/24\/hassan-rouhani-crimes-iran-mek-1988massacre\/\" target=\"_blank\" rel=\"noreferrer noopener\">Hassan Rouhani<\/a>\u2019s presidency, despite claims to the contrary by the regime, and the situation has become so dire that the state media is now showing its fear of how the Iranian people will react.<\/p>\n\n\n\n<p>The Jahan-e Sanat wrote that the average inflation rate in April reached 41%, according to the Statistics Center, breaking the previous record, which in turn led to an increase in prices.<\/p>\n\n\n\n<p>It <a href=\"https:\/\/www.ncr-iran.org\/en\/news\/economy\/outlook-of-irans-economic-crises-and-regimes-role-in-amplifying-them\/\" target=\"_blank\" rel=\"noreferrer noopener\">wrote<\/a>: \u201c41% inflation rate in April indicates few things. At least in the second half of last year, rising liquidity and the monetary base have been behind the rising inflation. As changes in monetary units gradually affect inflation, inflation is expected to continue to surpass 40% in the coming months.\u201d\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"How the mullahs destroyed Iran's economy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/PbI6JJpaE7A?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>It then explained that the rising inflation rate will cause prices to soar and purchasing power to plummet, undermining any rise in salary and, ultimately, threatening people and the country at large.<\/p>\n\n\n\n<p>Several other outlets spoke specifically to the increased cost of food, which is causing problems for the middle and working classes, as well as retirees, who are barely able to cope with their basic expenses.<\/p>\n\n\n\n<p>The Resalat\u00a0daily wrote: \u201cThe rampant rise in prices and the decline in the purchasing power of the people have made the life of the <a href=\"https:\/\/iranfreedom.org\/en\/2021\/05\/06\/the-plight-of-irans-workers\/\" target=\"_blank\" rel=\"noreferrer noopener\">workers <\/a>very difficult. Workers, while suffering from job insecurity, are in dire need of housing and clothing.\u201d<\/p>\n\n\n\n<p>They then quoted Faramarz\u00a0Tofighi, \u200c Chairman of the Wage Committee of the Islamic Labor Council, as saying that 63% of the country are workers, who are being priced out of goods like meat, rice, and dairy, even if they make the highest wages that they can.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"The situation of workers in Iran 2019\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/78UP4Lhd8qY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The <a href=\"https:\/\/iranfreedom.org\/en\/2021\/04\/02\/iran-experts-decry-corruption-in-economy\/\" target=\"_blank\" rel=\"noreferrer noopener\">economy <\/a>is in such a bad state because the regime makes terrible economic policies, but also spends the people\u2019s money on terrorism and warfare; meeting the budget deficit by printing more money, which actually just increases liquidity.<\/p>\n\n\n\n<p>Economist Farshad Momeni said: \u201cImproper and ill-considered decision-making methods have faced the country with a lot of corruption and inefficiencies. It is safe to say those wrong policies that create inflation since they are anti-production and based on injustice are roots of all small and big problems of Iran\u2019s economy.\u201d<\/p>\n\n\n\n<p>It seems clear that the Iranian people know that the regime is responsible for the economic situation, which is why they are heeding the call to boycott the election.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>The Iranian economy continues its steep decline in the last month of Hassan Rouhani\u2019s presidency, despite claims to the contrary by the regime, and the situation has become so dire that the state media is now showing its fear of how the Iranian people will react. The Jahan-e Sanat wrote that the average inflation rate [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":22258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pgc_sgb_lightbox_settings":"","footnotes":""},"categories":[17],"tags":[287,615],"class_list":["post-22257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-economic","tag-economic-crisis-in-iran"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Iran Economy in Decline - Iran Freedom<\/title>\n<meta name=\"description\" content=\"The Iranian economy continues its steep decline in the last month of Hassan Rouhani\u2019s presidency, despite claims to the contrary by the regime, and the situation has become so dire that the state media is now showing its fear of how the Iranian people will react.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iranfreedom.org\/en\/articles\/2021\/05\/iran-economy-in-decline\/22257\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iran Economy in Decline - 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