Home Appliance Prices Surge While Black Markets Prosper

Iran Consumers and Producers Protection Organization has allowed producers of home appliances to once again raise their prices. 
Prices of audiovisual products have been allowed to go up by 20% and other home appliances by 25% compared with prices registered in the Iranian month ending Feb. 19. 
The organization set June 16 as the deadline for producers to log the new prices on 124.ir, otherwise they will be subject to regulations penalizing those who supply appliances outside the network. 
On Wednesday, CPPO said more than 30 producers had registered more than 1,000 items on the database. The new official price increase has followed the previous hike in less than six months.