Inflation rose to unprecedented levels with the imposition of sanctions on Iran’s oil sales in the early 2010s but it slowed down with the election of former president, Hassan Rouhani, to less than 10% in five years.
Since the fiscal 2018-19, inflation has been on the rise, worrying many economists. Now the main question is why policymakers insist on applying the same failed measures to control inflation and why this unparalleled inflation has been formed in recent years.
Economist Morteza Imanirad prefaced his article for the Persian economic daily Donya-e-Eqtesad with this note. A translation of the text follows:
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