Iran's urban household income and expenses decline
Iran, Tehran, Aug.28
The statistics show that Iran's urban household income and expenses have declined in the past Iranian year (started March 21, 2018), said an economist and professor in Ferdowsi University of Mashhad .
Jafar Kheyr Khahan revealed the latest statistics related to the expenditures and and revenues of the country's urban households and published by Statistical Center of Iran in an interview to Trend.
"The inflation has reduced the purchasing power and demands of urban families, and people do not have good purchasing power, if there are no suitable revenues," he noted.
"People's purchasing power has decreased to half comparing to the preceding Iranian year [started March 21, 2017]; for example, in housing sector, tenants have moved to suburbs due to increase of the rent," he said.
"Some of the costs have doubled, so fewer people go to restaurants, and about 30 percent of restaurants have been closed due to small number of customers. Traveling to foreign countries also has dropped dramatically due to rise of USD rate," he added.
"Considering the difficult economic situation and the fact that people can not meet their needs like in the past years, there will be less spending, as the future of economy is ambiguous and people choose not to take risks," he added.
In the recently issued report on the expenses and revenues of urban households in last Iranian year, the Statistical Center of Iran estimated the average income of Iranian families at 430 million rial (about $10,238) and the expenditures at 390 million rial (about $9,285).
Thus, the average cost of urban households in the last Iranian year increased by 19.3 percent compared to the previous year.