Official figures show that people in Iran are grappling with the most severe inflation in the past 80 years. The inflation rate in Mordad has reached the threshold of 70%, and the price of food items, in particular, has risen by more than 127% over the past year.

These days, Iran’s economy is facing intensified sanctions, a blockade of maritime and air transport, and a decline in its foreign-currency revenues. Analysts say these conditions have led the government to print money to cover its costs, which in turn increases liquidity and fuels inflation.

Today, Mehr 7, the dollar rate passed 250,000 tomans. Reza Ghaibi, an economic analyst, says that “economic exclusion and the rise in the dollar price will accelerate inflation even more.” Watch what this economic expert has to say and the videos that a number of social media users have been sharing these days about inflation and a further drop in the value of the rial.