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Iran's cost of living has gone up by 40%

2024.11.25, 15:06
Iran's cost of living has gone up by 40%

Gunaz.tv

In comparison to the same period last year, urban rental prices rose by about 42% during the 12 months ending in November, according to a recent report from Iran's regime Statistical Center.

Even though the government capped rent increases at 25% in July, inflation in the rental sector is 8.6 percentage points higher than overall inflation.

Mehrdad Bazrpash, the former government's Housing and Urban Development Minister, made claims on June 26 that contradicted the official report showing a 42% increase in rents.

Bazrpash declared that a 25% average rent increase cap had been approved during the Supreme Housing Council's 18th session, which was essentially the final one held under Ebrahim Raisi's leadership.

Iran's regime's attempts to regulate prices through legislation, which opponents frequently denounce as "mandated price-setting," typically fall short.

According to the Statistical Center, annual inflation in the rental sector has been 41.4% in August, 41.7% in September, 41.8% in October, and 41.7% in November since July, when the rent increase cap was put into place.

 

 

GunazTV

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