Iran’s new president Ebrahim Raisi (Raeesi) has claimed to have achieved important success in securing supplies of essential goods, mainly food, amid rising prices.
Iran's currency has fallen by 15 percent in the past two months and continues to decline fueling hyper-inflation. The intolerable rise in prices can lead to more protests.
Iran's former central bank chief has issued a stern warning to Iran's next government not to print money to finance its huge budget deficit, which can worsen inflationary pressures.
As Iran's new prsident is preparing to take office and protests happen on daily basis, media warns of a dramatic rise in the already high inflation rate.
Rising price of chicken in the holiday season in Iran has led to shortages and long lines, prompting political recriminations and allegations of corruption.
Various data published in Iran indiciate up to 50 percent of the population is now considered to be poor, with hyperinflation eating into their incomes.