Iran-Price Hike
Iran-Price Hike
Dateline : July 2, 2026/Recent
Location : Iran
Duration : 2'06
Tehran, Iran - July 2, 2026 (CGTN - No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
1. Various of shoppers, shop clerks, goods in grocery store
2. SOUNDBITE (Farsi, dubbed in English) Mehdi Lotfi Nejad, sales manager, grocery store:
"Purchasing power has dropped significantly, and prices change every week. People are struggling to make purchases."
3. Various of shoppers, goods
4. SOUNDBITE (Farsi, dubbed in English) local resident (name not given):
"I used to visit my sister's house once a week. Now I might only go once a year. You can't cook chicken or host guests anymore. And it's not just the chicken. It's the rice and the oil, too. The price of cooking oil has gone up fivefold."
Tehran, Iran - Recent (NNC - No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
5. Various of pedestrians
6. SOUNDBITE (Farsi, dubbed in English) Ehsan Zakernia, economic analyst/assistant professor, Tehran Faculty of Petroleum University of Technology (PUT):
"The origin of this issue stems from several different factors. Before the outbreak of the war, there was the policy of price liberalization and the removal of subsidies, which led to the elimination of the preferential currency rate for all goods. Instead, ration cards (Kalabargh) were provided to all the people of Iran. This caused inflation. After that, there were security and political issues, namely the events of January 2026 and, subsequently, the Ramadan war. These factors led to inflation and price hikes, especially for essential goods."
7. Various of pedestrians
8. Various of shoppers, vendors at street market
Across Iran, families are grappling with rapidly rising living costs as the combined impact of war, subsidy reforms and economic sanctions pushes basic necessities beyond the reach of many ordinary citizens.
The cost of essentials has soared. For example, with 300,000 Tomans last year, a person could buy three chickens at a local grocery store. Today, the same amount barely covers one. This means the purchasing power of ordinary Iranians has fallen to roughly one-third of its previous level. Although wages have increased, annual salary growth has been only around 20 percent, far below the surge in living costs.
For shopkeepers, the reality is a daily struggle to keep up with shifting price tags.
"Purchasing power has dropped significantly, and prices change every week. People are struggling to make purchases," said Mehdi Lotfi Nejad, sales manager of a grocery store.
The economic crisis is reshaping Iranian culture and family life, as the cost of basic hospitality becomes unsustainable for many.
"I used to visit my sister's house once a week. Now I might only go once a year. You can't cook chicken or host guests anymore. And it's not just the chicken. It's the rice and the oil, too. The price of cooking oil has gone up fivefold," said a local resident.
Analysts point to a complex mix of structural policy changes and regional volatility. Ehsan Zakernia, an economic analyst and assistant professor at the Tehran Faculty of Petroleum University of Technology, said the crisis predates the recent fighting.
"The origin of this issue stems from several different factors. Before the outbreak of the war, there was the policy of price liberalization and the removal of subsidies, which led to the elimination of the preferential currency rate for all goods. Instead, ration cards (Kalabargh) were provided to all the people of Iran. This caused inflation. After that, there were security and political issues, namely the events of January 2026 and, subsequently, the Ramadan war. These factors led to inflation and price hikes, especially for essential goods," said Zakernia.
While international headlines often focus on nuclear energy and missile defense, for ordinary Iranians, the primary struggle is not political posturing, but is simply making ends meet.
ID : 8487646
Published : 2026-07-03 16:06
Last Modified : 2026-07-03 20:49:52
Source : China Global Television Network (CGTN),Other
Restrictions : No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda
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