Economic Turmoil: Understanding the Rise in Edible Oil Prices Amidst Inflation and Sanctions

Current Economic Landscape

Today, Iran’s economy is characterized by high inflation rates, a depreciating currency, and widespread poverty. The rial has lost significant value against the US dollar, making imports more expensive and driving up prices for essential goods, including food. According to recent reports, inflation rates have soared into double digits, with food prices rising even more sharply.

The economic strain is felt most acutely by low- and middle-income families, who struggle to afford basic necessities. The government’s attempts to stabilize the economy through various measures, including currency controls and subsidies, have met with limited success, leaving many citizens to navigate a challenging economic environment on their own.

January 7, 2026 | 10:08 am