Iran Government Unable to Halt Soaring Costs, Jomhouri Says

Lock
This article is for subscribers only.

Iran’s government may have to abandon efforts to rein in inflation by forbidding producers to increase prices, the Jomhouri Eslami newspaper reported.

The cost of a liter of milk and a kilogram (2.2 pounds) of wheat for local producers are 8,000 rials (0.65 cents) and 5,000 rials respectively, according to the newspaper, which typically reflects the views of the Iranian leadership. Producers can’t be expected to continue selling milk to the government at the official prices of 6,300 rials and 4,200 rials, it said.