Iran: June inflation reaches 37.6 percent

Iran: June inflation reaches 37.6 percent

Prices for edible goods skyrocket by 75 percent in Iran

Analysis by PMOI/MEK

Iran, June 26, 2019 - According to a report published by Iran Statistic Center, the rate of inflation for the past 12 months ending June 2019 reached 37.6 percent, showing a 3.4 percent increase compared to May.

The center said the inflation in June 2019 compared to June 2018 has increased 50.4 percent, meaning that an Iranian family has spent 50.4 percent more money on goods and services this June in comparison to last June.

The report further acknowledges that only in the categories of eatable, drinkable and smoking items, prices have jumped 75 percent in comparison to last year.

The regime ruling Iran has been behind the destruction of this rich country’s economy, vividly seen in escalating inflation.

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40 years after Iran’s 1979 revolution, the ruling mullahs have taken the country back to the Middle Ages. 

Iran has large natural resources and the potential to improve the lives of all Iranians. In addition, Iran owns 7 percent of mines of the world, the largest hydrocarbon sources (Oil and Gas) in the world, 9.3 percent of the world’s oil and 18 percent of the world’s gas, and Iran itself has more natural sources than the entire EU area.

However, Iran is ruled by a dictatorship that spends all its wealth in terrorism and suppression. The fact is that Iran is ruled by a corrupt government that has looted Iranian people’s property to extend its rule.

Iran under mullahs ranked 93rd in the world in health care, in welfare, Iranian people are ranked 108 out of 149 countries and the Iranian regime is on the top of the list of countries suffering from state-run money laundering and this is one of the reasons that the Iranian regime is ranked 138 in the world in corruption and also among top countries with high inflation rates

Iranian workers’ monthly salary is less than $100 and Iran is the only country that uses all its renewable water resources and is being pushed toward an irreversible water crisis by the government.

Moreover, Iran has some of the most dangerous roads in the world and is among the top countries in road fatalities.

The mismanagement of Iran's economy has led to mass dissatisfaction and protests. The people of Iran believe they deserve better.

In the past year, Iranian people have taken to the streets to reclaim their country and destiny.