Iran records sharp increase in fruit prices

Over the last week, the prices of fruit in Iran sharply increased. According to Seyed Hossein Mohajeran, the head of the Fruit and Vegetable Sellers Union, the rising prices have affected the supply chain of the Iranian marketplace.

Price increases happen weekly, with the price on Sunday 17 April for tomatoes going up by 50 percent and reaching 2500-3500 tomans ($0.83-$1.16). The price of bananas has also increased by 30% and oranges by 20%, the National Council of Resistance of Iran reported.

Inflation in Iran stood at 8.9% as of February 2016 and interest rates are set at 21%, creating a tight financial situation as prices rise faster than income for millions.

A 2014 report from the NGO Future Directions has stated that Iran is in the middle of a nutrition transition.

Government officials and wealthy households tend not to be as affected by the price changes, while 50% of Iranians aged 15 and over said there had been a time in the last year when they did not have enough money for food or adequate housing.

Source: iranfocus.com


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