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34% Decline in Purchasing Power of Iranians Over 9 Years

34% Decline in Purchasing Power of Iranians Over 9 Years 34% Decline in Purchasing Power of Iranians Over 9 Years

Studies by Majlis Research Center, the research arm of the parliament, show per capita income or average income of the Iranian people saw a 34% decline between the fiscal 2011-12 and fiscal 2019-20.  
According to a report read out on the parliament floor on Sunday by Mohammad Qasemi, the caretaker of MRC, despite the nominal increase in household income, their purchasing power has eroded by one-third over the nine years. 

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