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Iran-Israel Conflict: Iranians Struggle to Afford Food as Rice Costs Millions
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Iran's Economic Crisis Deepens: Soaring Inflation, Food Scarcity Amidst Conflict
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News18
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31-03-2026, 17:47
Iran's Economic Crisis Deepens: Soaring Inflation, Food Scarcity Amidst Conflict
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Iran faces unprecedented inflation and food scarcity amidst ongoing conflict and US tensions.
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Annual inflation rate surged to 50.6% by March, making essential goods unaffordable for many.
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Wartime sanctions, rising fuel prices, and record depreciation of the Iranian Rial fuel the crisis.
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Prices of vegetables, fruits, rice, and lentils have skyrocketed, with rice costing 1.5-2 million Rials/kg.
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The strong US dollar and Rial's depreciation intensify economic instability, impacting daily life.
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