The Way to Control Inflation

EghtesadOnline: A single digit inflation prevails in most countries, but Iran is perhaps the only state that has experienced double-digit inflation for more than five decades.

News ID: ۷۵۲۵۴۰

13 May 2023

A single digit inflation prevails in most countries, but Iran is perhaps the only state that has experienced double-digit inflation for more than five decades.

For Iranians, the dream of seeing price stability and single-digit inflation appears unlikely. Many experts believe that even with the complete removal of sanctions, the average inflation in Iran will remain close to 20%.

Kamran Nadri, an economist, prefaced an editorial for the Persian daily Donya-e-Eqtesad with this note. A translation of the text follows:

Inflation has increased in most countries in recent years. Many countries, especially industrialized ones, which register inflation rates of below 10%, are worried about its negative consequences and have launched a crusade against inflation, even if their production and employment slow down.