Report says inflation, poverty line rising in Iran
Source: Radio Zamaneh
Iranian families are facing an inflation rate of 50 percent
as they shop for necessities, and the poverty line will rise to two million
toumans ($1,800) by next March, says Abbas Vatanparvar.
ILNA quotes the former representative of Iranian employers at the World Labour
Organization Abbas Vatanparvar as he announced that the poverty line in large
Iranian cities is now estimated to be around 1.6 million toumans.
Vatanparvar blamed unequal distribution of wealth and resources for the rising
poverty line, predicting it will reach two million toumans by March.
He added that inflation rate is rising by the day, and Iranian families now pay
50 percent more for their daily needs.
He also announced that a large number of production units are now in crisis due
to the rise in fuel prices, the result of government cuts to energy subsidies.
Vatanparvar's estimates were announced after the president's
office told Mehr News Agency that this year's inflation rate will be between 13
and 15 percent.
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