Iran’s Economic Hardship Deepens as Food Prices Soar

TEHRAN — Millions of Iranians are struggling to cope with rising food prices as worsening inflation continues to erode household incomes and purchasing power.

Latest data from Iran’s Statistical Centre showed that food inflation reached 128 percent between June 21 and July 20 compared with the same period last year.

Eight of the country’s 10 major food groups recorded inflation above 100 percent, with oils and fats rising by 261.5 percent.

The sharp increase has made basic groceries increasingly unaffordable, forcing many families to reduce what they buy and rethink their daily meals.

Shop owners are also feeling the pressure as wholesale prices change rapidly, making it difficult to maintain stock or sell goods on credit.

Despite the severe hardship, Iran’s economy has remained relatively resilient, supported by its large domestic market, natural resources and years of adapting to Western sanctions.

However, the continued fall in purchasing power is putting millions of households under growing financial strain.