The inflation rate of imported goods to Iran reached 150 percent.

The Statistical Center of Iran announced that inflation in the price of imported goods in the 12 months ending in the spring of 2019 was about 150 percent.
According to a report published on the website of the Center for Iran, the average change in the price index of imported goods based on rial data in the four quarters ending in the spring of 2019 was 149.7 percent, which is an increase of more than 38 percentage points compared to the annual inflation in the winter of 2018.
The sharp increase in the price of imported goods occurred after the dollar rate in Iranian markets rose from about 4,000 Tomans in the fall of 2017 to about 14,000 Tomans and at times even higher in 2018, followed by another wave of sharp increases in the price of goods entering the Iranian market.
The economic crisis and turmoil in Iran over the past two years have generated widespread criticism and dissatisfaction, which at one point led to nationwide protests in January 2017.
The economic turmoil in Iran continues, while the United States has repeatedly condemned institutionalized financial corruption and the plundering of Iran's God-given assets by affiliates of the ruling regime in the country, and has considered them to be among the main causes of Iran's economic and financial problems.
Earlier, US Secretary of State Mike Pompeo had said in several tweets about the Islamic Republic's officials that instead of helping the people, they were involved in corruption.
Source: Voice of America




