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Potato tops list of products with highest price rise in Iran

Business Materials 29 June 2013 10:52 (UTC +04:00)

Azerbaijan, Baku, Jun.29/ Trend F.Karimov/

Potato price in Iran has risen by 243.5 percent compared to the year before, indicating the highest price rise among staple foods over a year, the Tasnim News Agency reported.

The Central Bank of Iran has recently released a report, comparing prices of dairies, eggs, rice, beans, vegetables, fruits, meat, sugar, vegetable oil and some food products on June 14 compared to the same date in year before.

According to the report, prices of dairies, eggs, rice, and beans rose by 43.4 percent, 95.6 percent, 60.7 percent, and 95.9 percent, respectively.

Prices of fruits, vegetables, meat, sugar, and vegetable oil have also risen by 34.2 percent, 63 percent, 53.5 percent, 40.5 percent, and 58.2 percent, respectively.

Iranian president-elect Hassan Rohani has said that he will raise salaries of laborers proportional to 40 percent inflation.

As per the law, I will increase salaries based on the inflation rate, Rohani said.

Currently, the inflation rate is around 40 percent, but salaries of laborers have increased by 25 percent. This issue has made problems for laborers, Rohani noted.

Meanwhile, the governor of the Central Bank of Iran Mahmoud Bahmani has said nothing more can be done to curb inflation.

The International Monetary Fund said on April 16 that Iran's economy contracted by 1.9 per cent in 2012 and is expected to shrink by 1.3 per cent this year as it reels from the impact of Western sanctions.

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