Notice the nuclear symbol...?
Posted on 05/06/2007 6:45:18 PM PDT by humint
A combination of expansionary economic policies, American pressure on the banking system and high money supply growth is fuelling price rises in staple goods in Iran and hitting the lowest classes hardest. The research center run by the conservative-dominated Parliament announced recently that inflation reached 22.4 percent in the last Iranian year, which ended on March 20, well above the official estimate of 13.5 percent. A group of 20 MPs then published an open statement protesting against the “uncontrolled and unwarranted rise in prices of foodstuffs, hygiene products and consumer goods”. “Officials have to do something against unemployment and the unbridled rise in prices as a matter of urgency”, said one MP, Asghar Gheranmayeh. According to Parliament’s research center, the price rises look set to continue in the current Iranian year, with inflation set to hit 24 percent. Money supply growth -- a key indication of future price trends -- is seen at a colossal 42 percent. “There is no control on prices. Beauty products are up by 35 percent wholesale. The price of cooking oils has also gone up by 35 percent”, said one shopkeeper who declined to be named. Shopkeepers used the recent New Year holiday period to raise their prices when people returned from the break, with the price of fruit going up by 21.6 percent in the space of a week. “A big bottle of Coke has climbed to 7,500 rials from 6,000 and the orange juice that I buy has doubled in price. My hairdresser has also raised his prices by 40 percent”, complained one Iranian consumer. The central bank has also issued a new high-denomination 50,000-rial note (about five dollars) in a move that appears linked to the rising prices, although the authorities deny any connection with inflation.
(Excerpt) Read more at mmorning.com ...
Notice the nuclear symbol...?
They need their own BLS to explain this so-called “inflation” away via the magic of “substitution”, “hedonic adjustment”, “geometric weighting”, and “core inflation, which does not include volatile food and energy prices”.
Good! The more pressure on that country the better!
I would like to suggest that Iran consult Hugo Chavez in order to get that inflation rate up a little higher. Hugo has been hard at it for years.
Why don’t they blame it all on the Great Satan? I noticed we got an honorable mention, but that’s not good enough.
LOL. I think we should offer to print up a bunch of their currency and send it over to their poor peeople (and everybody else).
Darn, maybe those Iranian students will revolt against Ahmedinejad...that would be such a disappointment. [/s]
So it takes 10,000 sheets of their toilet paper to make one dollar. Sheryl Crowe isn't going to like that.
Just goes to show their playing the North Korean nuclear card.
We’ll probably give them everything they want not to shoot of nukes.
They need to call “DEAR LEADER” to print some bogus cash!
of=off
While they are being squeezed, we should let the Iranian working class know how much their Government is subsidizing the Pallis and Hezbollah.
Exactly! We should flood their lousy country with billions of fake bank notes and drive inflation to over 1000%. Then start air dropping thousands of AK-47’s and millions of rounds of ammo. Drop them into the universities.
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