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Reuters
Reuters
Business
Parisa Hafezi

Iran's cost-of-living squeeze belies push for economic self-reliance

FILE PHOTO: Iranians walk down a market street in Tehran, Iran November 14, 2021. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Every day Mohammad Hosseini feels squeezed by Iran's soaring prices, his experience of hardship at odds with a rosy official target of 8% economic growth even with U.S. sanctions still in place.

The retired teacher's plight is found across the Islamic Republic, where worsening economic misery is palpable after years of harsh U.S. sanctions and Iranian mismanagement.

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