Monday, April 9, 2012

Iran's Inflation

by Micah Halpern
I’ve Been Thinking:
I saw a picture in an Iranian newspaper the other day in which Ahmadinejad was holding up a T-shirt with pictures of the Iranian nuclear scientist who were assassinated. Since 2010 four high level Iranian nuclear scientists have been killed.

Ahmadinejad was saying that you cannot assassinate or intimidate us into stopping our nuclear development. He called the scientists martyrs.

But there was some very bad news in the same newspaper. The inflation figure for 2011 was released and Iran claims that inflation rose 21.5% and the cost of goods rose 14.1%.

These figures are official government numbers. That means that they are probably grossly understated.

The real figures for inflation are probably 35-40% and the costs of goods have probably increased by 30%.

All the news that’s fit to print, Iranian style.

Micah@MicahHalpern.com
 
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