Prices
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Higher Prices Hurt Poor More
EghtesadOnline: The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 7.9% in the seventh month of the current Iranian year (Sept. 23-Oct.…
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Dollar Pauses, Prices Don’t
EghtesadOnline: The US dollar exchange rate was around 260,000 rials last March. Now it still hovers around this figure and some days it dips even lower, registering a zero percent growth.
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Import, Export Price Changes in Fiscal 2019-20 Reviewed by SCI
EghtesadOnline: The Import Price Index, a relative indicator measuring the overall changes in prices of imports of merchandise into a country (using the new base year of 2016-17), stood at 1330.1…
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Experts Analyze Impact of Forex Appreciation on Real-Estate Prices
EghtesadOnline: Prices of construction materials are pegged to the value of the US dollar but the decrease in foreign currency exchange rate won’t necessarily lead to the fall in the prices of…
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Detergents to See 30-40% Price Hike
EghtesadOnline: Detergent prices will increase by 30-40% within the next eight to 10 days, the head of Detergent Industry Union said on Saturday.
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Gold and Dollar Pause
EghtesadOnline: Gold and dollar prices declined on Sunday after posting new highs a day earlier. The half Azadi coin lost 5.82% or 5 million rials to be sold for 86 million rials. The quarter…
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Oil Drops 3 Percent
EghtesadOnline: Oil prices were down 3% on Friday after Donald Trump tested positive for Covid-19 and negotiators failed to agree a US stimulus package just as rising global oil output threatens…
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Crude Oil Prices Higher Following OPEC+ Meeting
EghtesadOnline: Crude oil future prices ticked higher during the mid-morning trade in Asia Friday, as the markets continued to price in a commitment from the OPEC to ensure that the members adhere…
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TEDPIX Closes 3.5% Higher
EghtesadOnline: Tehran stocks gained some more lost ground as angst-ridden investors started leaving the sell side, and finding share prices attractive, rushed to buy.
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Oil Gains as Storm Causes US Gulf Production Halts
EghtesadOnline: Oil prices rose on Monday as a tropical storm in the Gulf of Mexico forced companies to evacuate rigs and halt production, but gains were kept in check by wider concerns about…
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Fastener Sector Grappling With Alloy Steel Shortage
EghtesadOnline: The shortage and skyrocketing prices of alloy steel have scuttled over 70% of the domestic fastener sector’s production capacity, an industrialist says.
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Oil Extends Losses as Stockpiles Rise Amid Weakening Demand
EghtesadOnline: Oil prices fell for a second day on Friday, pressured by a surprise rise in US stockpiles as the coronavirus pandemic continues to erode demand for fuels.
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Oil Prices Reverse Some Losses, But Demand Concerns Persist
EghtesadOnline: Oil futures clawed back some of the losses they sustained in the previous session, but a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in…
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Oil Skids as Demand Optimism Fades
EghtesadOnline: Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while…
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70% Decline in Demand for Stationery, 20% Rise in Prices
EghtesadOnline: Stationery prices have increased by 20% compared with last year due to the rise in production costs while demand for these products has dropped by 60-70% following school closures…
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Oil Prices Edge Higher
EghtesadOnline: Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after US regulators approved…
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Tehran Hotels Occupancy Rate at 5-15% Amid Covid-19 Pandemic
EghtesadOnline: Hotel occupancy rate in Tehran currently stands at 5-15%, despite a 50% discount in prices, according to the head of Tehran’s Hotel and Apartment Hotel Owners Society.
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Crude Prices Snap 4-Day Winning Streak
EghtesadOnline: Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut…
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Gold in Tehran Hits Another Peek
EghtesadOnline: Gold coins recorded further increase on Wednesday with another 2.8% growth in prices compared to the previous day's close.
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Brent, WTI Fall on Supply Glut Fears
EghtesadOnline: Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide Covid-19 cases points to a slower pick-up in…
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Chevron Corp Books Worst Loss Since 1989 as Oil Prices Crash
EghtesadOnline: Chevron Corporation reported on Friday a net loss of $8.3 billion for the second quarter on the back of impairment charges due to lower commodity price outlook and write-off its…
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Gold Slips, Dollar Stable in Tehran Market
EghtesadOnline: Major currencies closed Saturday’s session unchanged while in the bullion market prices slipped after the gold coin peaked to new highs on Thursday.
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Gold Steps Back From Historic High
EghtesadOnline: Gold coin prices faltered on Tuesday in the domestic market after reaching to the all-time high a session earlier.
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TEDPIX Down 0.35%
EghtesadOnline: Tehran stocks fell on Sunday as the Tehran Stock Exchange benchmark, TEDPIX, faltereds near the psychological level of 2 million points and chart patterns suggested correction…
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Oil Rises on Weaker Dollar
EhtesadOnline: Oil prices rose on Friday on the back of a weaker US dollar, although demand concerns stemming from rising coronavirus cases and escalating US-China tensions kept a cap on prices.
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Currency Stable, Gold Falters
EghtesadOnline: Currency rates were largely stable on Wednesday after losing 18% during three consecutive sessions of bear market. However, gold prices extended the slide.
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Oil Gains as Vaccine Hopes Edge Out Rise in Infections
EghtesadOnline: Oil prices edged higher on Tuesday on positive news on vaccine trials, but are still within the narrow trading band of the past three weeks amid fears that new lockdowns could…
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Oil Prices Mixed as Virus Spike Casts Shadow Over US Demand
EghtesadOnline: Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while US benchmark WTI futures dropped on concern that…
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Poultry Farmers Facing Feed Shortage
EghtesadOnline: The shortage and consequently the exorbitant prices of poultry feed have phased out around 7,000 chicken farmers from the production cycle, says the secretary of Iran Chicken…
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Poultry Farmers Facing Feed Shortage
EghtesadOnline: The shortage and consequently the exorbitant prices of poultry feed have phased out around 7,000 chicken farmers from the production cycle, says the secretary of Iran Chicken…