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Tuesday, May 21, 2013 06:27
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rising prices

Iran maintains subsidy for medical drug imports

Iranian Parliament’s Health Commission has announced that the government will continue to provide foreign currency at subsidized rates for medical drug imports and an earlier plan to stop subsidizing the imports has been scrapped.

Former minister warns of drug price crisis

Former Iranian Health Minister Marzieh Dastjerdi has warned that the surging increase in the price of medical drugs will soon surpass 100 percent unless the government provides subsidized foreign currency for its purchase.

Cooking oil rationing causes price hike, lineups

The trend of rising prices continues in Iran as media report that vegetable oil is now being rationed in all chain stores, which has doubled the price of a litre of cooking oil on the open market.

Iranian fruit prices soar past legal limit

Iranian media report that fruit is being sold at up to four times the prices set by the government for popular fruits during the Norooz holidays.

Inflation blamed for robbery spike in Iranian province

The Gilan Police Chief reports a seven-percent rise in robberies in the past 12 months and identifies rising prices and inflation as the major cause.

Financial trends have shrunk Iranian purchasing power

Iranians’ purchasing power has declined by 72 percent in the past eight years, according to the daily Iranian newspaper Shargh.

Iranian airfares soar higher

Domestic airfares in Iran have gone up by 65 percent as of today, November 6.

Dairy industry blames gov’t for price hikes

The price of dairy products in Iran has gone up for the third time in recent weeks, and reports indicate that in the past three months, those prices have doubled.

Iranian officials blame rising chicken prices on enemies

The Shiraz Friday Mass leader has blamed the sudden countrywide spike in the price of chicken on “the psychological war waged by Iran’s enemies,” as he emphasized that there are no food shortages.

Ahmadinejad ministers face impeachment

Iranian Parliament has announced plans to impeach the ministers of Agriculture and Industry in reaction to rising prices across the country.