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December 15, 2011       Share:    

Source: http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=475861&version=1&template_id=46&parent_id=26

Rising Prices Main Clue to Iran Sanctions Impact

(Gulf Times-Qatar) Robin Pomeroy and Ramin Mostafavi - Sanctions on Iran are mainly being felt in the form of inflation. The official inflation rate in Iran stands at 20% - up from 8.8% in August 2010. Unemployment is estimated at 14.6%. Most of the rise in inflation can be put down to President Ahmadinejad's decision to abolish billions of dollars of government subsidies.

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