Inflation Woes

High and rising Inflation has become a structural problem in Iran. Why, economists ask, has it become unmanageable despite the regular dose of hope and assurances of apologists for the government? 
Ali Dini Torkamani, economist and university lecturer, takes a closer look at the worsening price rises in an article in the Persian-language daily Shargh. 
Prices of goods and services keep on rising at terrible speed and in the process dwarf and degrade household incomes. The common man is grappling with ingrained fear, insecurity and desperation. Hope has given way to desperation. Save for a few capitalists, the large majority don’t have any chance to grow their income relative to the painful inflation. The purchasing power of more than half the society, i.e. fixed-wage earners, teachers, medical staff and government employees continues to plunge and street protests have become more widespread.