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Iranians upbeat new administration can tame inflation: Poll

Iranian President Masoud Pezeshkian (Photo by President.ir)

A new poll shows a majority of Iranians are upbeat that the newly-appointed President Masoud Pezeshkian and his administration will be able to tame high levels of inflation in the country.

Results of the poll published on Tuesday by the semi-official ISNA news agency showed that more than 54% of the people were hopeful and highly hopeful that Pezeshkian would be successful in controlling the inflation in Iran.

Some 17.8% of respondents to the survey had low expectations that the new president would succeed to contain inflation while 23.2% said he would be relatively successful.

The poll showed that 35.4% of people believed that Pezeshkian would have a high degree of success in executing his anti-inflation plans while 19.2% had almost no doubts that he would successfully control and reduce the inflation.
The poll was conducted by Sarmayeh Polling Agency in early July and after Pezeshkian won the run-off presidential election in Iran.

Some 4% of respondents didn’t have any opinion about the question on president’s chances of containing the inflation while 0.4% refused to respond.

Pezeshkian won the elections in Iran on a campaign of fighting inflation through opening up the Iranian economy to the world.

Iran has seen high but controlled levels of inflation since 2019 when its oil exports came under US sanctions.

Inflation exacerbated in the country for a period in 2022-2023 after the global supply and demand chains were affected by the economic impacts of the coronavirus pandemic.

A report from the Statistical Center of Iran (SCI) published last week showed there had been a further drop in Iran’s headline inflation rate in July thanks to better government controls on basic good supplies and tighter monetary rules.

The SCI report showed that the annual inflation rate in Iran had dropped by 0.6% to 35.5% in the calendar months to July 21.


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