War worsens Iran's rising prices

Iran is facing a severe economic crisis, leading to rising prices and a declining purchasing power among the middle class. It has become difficult to buy new clothes or afford proper housing, prompting many to repair old garments and turn to the secondhand market. This has coincided with rising rent costs and the depletion of savings, amid limited government efforts to ease living expenses. Meanwhile, the economy is suffering a significant decline in GDP of 10.1% and a 26% drop in the oil sector, with inflation rates soaring to around 70%, further straining households and threatening to push more citizens into poverty.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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