Iran's Economic Landscape in 1401: Income, Poverty, and Policy Impact
Overall Insight In the Iranian year 1401 (2022/2023), marked by President Ebrahim Raisi’s tenure, significant economic changes occurred. The year witnessed a 52% depreciation of the currency and a record-breaking 300% annual increase in prices due to the removal of food subsidies and the Russian invasion of Ukraine. Despite early fears of hyperinflation, inflation moderated to 45% for the year. Critics had argued that Raisi’s policies were disproportionately affecting the poor and middle class....