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Is it time to declare the war on Iran’s inflation over?
This is an update on my last post on inflation, which continues to slow down, and a call for letting inflation drop from the top position on the new government’s list of priorities, to be replaced,...
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Inflation and energy price reform in Iran
The dominant view of the high inflation of the last three years blames it on the subsidy reform. (The latest high profile assertion to this effect came from a piece by Hashem Pesaran and Hadi Salehi...
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The global sources of Iran’s inflation
The recent welcome slowdown of inflation in Iran, like its devastating acceleration four years ago, has something to do with global influences that are well beyond Iran’s control. The credit in the...
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Reporting of economic data in Iran: an old rivalry resurfaces
It is a good sign that people in Iran are paying increasing attention to the accuracy of government data. Before this they used to dismiss all data, especially inflation, as propaganda (see my...
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Getting the facts right on Iran’s economic growth
A post on Iran’s GDP may seem very wonkish, but it is actually very relevant to two important political debates. One is the current debate in the US about Iran’s economic prospects and the other is the...
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Understanding the rial’s strength
Last month a headline (link in Persian) in Eghtesad News read: “Do not buy dollars, it will get cheaper”! More surprising than the headline was who said it: Iran’s Central Bank Governor, Valliollah...
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The return of inflation
According to the Central Bank of Iran, last month (Iranian month of Khordad, which ended on June 20, 2018), consumer prices increased by 4.3 percent. This translates into a whopping annual inflation...
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Is Iran’s inflation really slowing?
In my last blog post I suggested that Iran’s inflation may be slowing down, and the latest consumer price data from the Statistical Center of Iran (SCI) suggest that this may indeed be the case. The...
View ArticleRouhani’s new budget cuts back on expenditures, big time
If the government of Hassan Rouhani has a plan for fighting the downward trend in Iran’s economy, the one started with the US withdrawal from the nuclear deal, it is not to be found in its proposed...
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A note on measuring living standards
A few weeks ago, in this blog and in opinion pieces (here, here and here), I argued that during the three decades since the end of the war with Iraq (1988), Iran’s economic growth exceeded that of...
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Fact checking the meat consumption of Iranians
The rapid increase in the price of meat in the last few months has turned this food item of dubious health value into the lightening rod for the suffering of Iranian consumers. Viewers of the BBC...
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Is Iran’s inflation rising?
The most recent report on consumer prices (link in Persian) published by the Statistical Center of Iran (SCI) last week shows that prices rose faster in Tir 1398 (June 21 to July 20, 2019) than they...
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Good news for Iran from the inflation front
Good economic news greets President Rouhani as he arrives in New York for the UN General Assembly this week: a declining trend of inflation. According to the latest consumer price index data published...
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