Earlier this week, Iran's Cooperatives, Labor and Social Welfare Ministry issued a report showing prices of most staple foods are rising. Based on 24 food items in the past twelve months, the report divided price increases into three categories of acceptable, alarming and critical. The last it defined as a monthly increase of 2 percent, or an annual rate of 27 percent.
However, the report claimed prices for the 24 items had risen 83.3 percent in the past twelve months. It said that “essential food items” – including the ones surveyed in October, were up more than 60 percent in October year on year.
The 24 food items included rice, chicken, dairy products (milk, yoghurt, cheese, butter), eggs, cooking oil, tea, sugar, beans, lentils, vegetables (cucumbers, tomatoes, potatoes), and fruit (oranges, apples, bananas). The prices of three of the 24 items, including potatoes, increased by over 10 percent in October alone, while five other items – including cooking oil and red meat – dropped around 1 percent.
Source: iranintl.com
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