TEHRAN, Iran, Dec.6
Trend:
The Ministry of Industry, Mining and Trade announced that in October 2019, prices for nine items of the basic goods dropped between 0.1 to 3.8 percent compared to September last year.
According to the statistics published by the ministry, the products include Thai rice, Iranian rice, sugar, poultry meat and fresh lamb, Trend reports citing IRNA.
After the US withdrew from the Iran nuclear deal, the country has been suffering an economic crisis.
Meanwhile, most of the rise in the price of commodities during the past 10 days are attributed to the rise in transportation cost. The agency said this explains the unusual rise in the price of fruits and vegetables between 30 to 50 percent.
On November 15, petrol subsidy reform plan went into force. According to the plan, every car owner is authorized to buy 60 liters of gasoline per month at a price of 15,000 rial (35 cents). Any amount beyond that is sold at 30000 rial (71 cents).