Prices of staple foods on the rise in Iran
Azerbaijan, Baku, July.29/ Trend R.Zamanov
Prices of 43 groups of food, including dairy, egg, rice, beans, fruits, meat, vegetables, sugar, tea, and edible oil have risen in Iran last week (ended July 19) compared to the same period in the previous year, the Tasnim News Agency reported.
The Central Bank of Iran has also released a chart comparing the price of staple food in the mentioned week with its preceding week.
According to a report released by the Central Bank of Iran, the price of dairy products, rice, and meat rose by 0.5 percent, 0.1 percent, and 0.1 percent respectively, compared to previous year.
The prices of egg, fruits, vegetables, and sugar also fell by 0.3 percent, 2.5 percent, 1.7 percent, and 0.6 percent respectively
Prices of staple foods in Iran will likely rise as the administration will no longer allocate the U.S. dollars at the exchange rate of 12,260 rials for importing rice, meat, milk, and edible oil, the Mehr News Agency reported.
The administration of President Mahmoud Ahmadinejad has officially announced it will pay the U.S. dollar at the Forex Centre rate which is currently about 24,000 rials.
First-Vice President Mohammad-Reza Rahimi has said that under the current severe economic sanctions against the country, the administration is committed to support the low income strata of society.
Meanwhile, MP Abdolkarim Hashemi has said that the Iranian administration is facing problems in providing money for paying cash subsidies to the public.
"For the time being, the government is providing the necessary money out of sources other than freeing up prices based on the subsidy reform plan," he noted.
The subsidy reform plan pays out $37 to each Iranian while eliminating subsidies for fuels and some commodities.