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Iran raises prices of food staples, stirring panic and anger

Thursday, May 12, 2022 | Tag Cloud Tags: internet, Iran, Media, News, oil, protests, Washington, Worthy News | Learn about our FREE SYNDICATION Service | Get Christian news by email! | Printer Friendly

(Worthy News) – Iran abruptly raised prices as much as 300% for a variety of staples such as cooking oil, chicken, eggs and milk on Thursday. Scores of alarmed Iranians waited in long lines to snatch up bundles of food and emptied supermarket shelves across the country in the hours before the price hike took effect.

Panicked shoppers raided stores and stuffed basic goods into large plastic bags, according to footage shared widely on social media. Lines in Tehran snaked out of grocery stores late Wednesday. On Thursday, Iran’s currency dropped to a low of 300,000 rial to the dollar.

Internet disruptions were reported across Iran as the government braced for possible unrest, advocacy group NetBlocks.org said. Protests appeared to spring up in the remote and impoverished south, according to videos shared online. The Associated Press could not verify their authenticity but the footage corresponded to reported events. [ Source: Washington Times (Read More…) ]

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