The latest report from the Statistical Center of Iran indicates that in October, 21 provinces of Iran had an inflation rate exceeding 45 percent, and among these provinces, the inflation rate in nineprovinces exceeded 50 percent.

According to the report, the “annual inflation rate of the country in October 2023” is reported to be 45.5 percent, and it is stated that the “inflationary gap of the decades,” which was 1.2 percent in the month of September, increased to 1.9 percent in October with a 0.7 percent increase.

Simultaneously, the report also mentions a table of the annual inflation rates in October by province, which shows that out of the 31 provinces of Iran, the annual inflation rate in 21 provinces is higher than the announced inflation rate for the whole country, which stands at 45.5 percent.

Among these 21 provinces, in 9 provinces including Yazd, Chaharmahal and Bakhtiari, Kurdistan, Lorestan, Isfahan, East Azerbaijan, Kermanshah, North Khorasan, and Hamadan, the annual inflation rate in October was over 50 percent.

Yazd province had the highest inflation rate among the provinces with an annual inflation rate of 56.5 percent in October, followed by Chaharmahal and Bakhtiari province with a 53.1 percent inflation rate, and Kurdistan province with a 51.9 percent inflation rate, ranking next in terms of the “highest annual inflation rate.”

The report from the Statistical Center also states that the “annual inflation rate” during October in 11 provinces, including Alborz, Markazi, South Khorasan, West Azerbaijan, Sistan and Baluchestan, Ilam, Qom, Razavi Khorasan, Kohgiluyeh and Boyer-Ahmad, Qazvin, Hormozgan, and Golestan, ranged from 45.7 to 49.6 percent.

Thus, the “annual inflation rate” during October, according to the report from the Statistical Center of Iran, is only less than 45.5 percent in 10 provinces of Iran, including Zanjan, Ardabil, Gilan, Kerman, Fars, Mazandaran, Semnan, Khuzestan, Bushehr, and Tehran.

Despite the claims of the officials, including the regime’s president Ebrahim Raisi, regarding the reduction of the inflation rate, the report from the Statistical Center of Iran shows that the “annual inflation rate” during October was not less than 40 percent in any of the provinces of Iran.

Even Tehran province, which is recognized as having the lowest annual inflation rate among the 31 provinces, had an inflation rate of 40.7 percent in October.

Ali Khamenei, the regime’s Supreme Leader, named this year the “year of controlling inflation and promoting production” in his message on the occasion of the Iranian New Year (March 21, 2023).

Following this naming, the officials, as well as the regime’s Majlis (Parliament), promised to control the inflation rate and made access to real economic statistics and indicators in Iran more difficult. This is happening while according to economic experts, the official reports from the government on economic indicators have become more unreliable than ever before.

Meanwhile, the regime’s Statistical Center has announced that the year-on-year inflation rate for residential apartments in Tehran has exceeded 75 percent in September of this year.

The Statistical Center of Iran, which has refrained from providing statistics on the housing sector and other economic sectors of Iran for the past eight months, announced in a report on October 21 that the year-on-year inflation rate for residential apartments in Tehran in September of this year was over 75 percent.

According to the report, the weighted average price per square meter of residential apartments in Tehran was over 850 million rials (approximately $1,646) in June of this year, indicating a 122 percent year-on-year inflation compared to June of last year.

On September 20, the state-run Donya-ye-Eghtesad newspaper wrote in an analysis of the housing market that the real estate market in Tehran has been heavily influenced by the “upward outlook of general inflation” and “inflationary expectations” in society from late last year to mid-spring.

The newspaper had previously reported the result of creating an inflationary atmosphere in the housing market at the end of Persian calendar year 1401 (2022-2023) and the beginning of 1402 (March 2023), which led to further price increases in housing in Tehran and other major cities in the country.

The regime’s Tasnim News also covered the housing market developments on April 25, stating that housing prices in Tehran have increased by about 2,500 percent over the past 12 years.

Ebrahim Raisi had promised during the election campaign that he would build one million housing units per year.

An examination of the developments in the housing market and a review of the reports indicate that not only has no housing been delivered in the past two years, but prices have also more than doubled, with the price per square meter in Tehran now exceeding 800 million rials (approximately $1,549).

Source » iranfocus