Ali Mazroi, reformist politician & blogger, writes about inflation and how government has failed to control prices. The blogger writes there is no activity in real estate and capital (stock) market then more money is spent for consumption. He adds government’s decision to reduce interest rates discourages people for saving and gives them the motivation to consume [1] (Persian). All these consumption will push prices higher and people’s buying power will decrease.
Iran: Inflation!
· Written by Fred Petrossian
Categories: Middle East & North Africa, Iran, Economics & Business