Iran: From the turmoil in commodity markets to the destruction of people's purchasing power

Published 2021년 3월 1일

Tridge summary

The article highlights the significant price hikes in basic and non-basic goods in Sanandaj, Iran, with inflation reaching over 50% in March. This has led to a decrease in people's purchasing power, causing financial strain. Examples of increased prices include milk, yogurt, cheese, fruit, detergent, and sugar. The profit margin for supermarket owners has decreased despite an increase in daily sales. Citizens are finding it difficult to afford necessary items, with some opting for lower quality food and essentials. The situation has worsened with the approaching Nowruz holiday, as prices surge further. There are concerns about profiteering and the legality of daily price increases, raising questions about the government's response and plans to address the rising costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of basic and non-basic goods in the days leading up to the new year is one of the hot topics in people's circles, but this year due to the special economic conditions of the country and point-to-point inflation above 50% in March has caused the prices of goods and commodities including rice and sugar And tea to change dairy and food and detergents daily. Jamshid is one of the supermarkets in Baharan town of Sanandaj; He says that last year the shop was never empty of buyers, but now he spends most of his time alone in the supermarket and his customers come to his goods only because they do not have less purchasing power. He adds that many people now buy rice and other basic goods in the form of one and a half kilograms, and yet they are not able to pay for the purchase on the same day. Jamshid states that 700 grams of milk costs more than 5,000 Tomans, yogurt costs about 20,000 Tomans and bulk cheese costs more than 35,000 Tomans, and these prices will be very high for a ...
Source: Isna

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