Iran Daily Life

Iran's year-on-year inflation reached a record high in May, the worst since World War II. This highlights the economic struggles faced by average Iranians. Iran's Central Bank acknowledged the impact of the war with Israel and the U.S. on the rial currency. Economic mismanagement and corruption are also affecting Iran's oil-backed economy, which remains under a U.S. naval blockade. Past economic pressures have led to nationwide protests. Experts warn that new demonstrations could emerge if economic conditions worsen. The consumer price index rose 77.2% in May compared to the previous year, with daily needs increasing by 113.8%.