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Iran's cooking oil soars 375% as inflation hits 73%

5/11/2026

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Story summary
  • Vegetable oil prices rose 375% in Iran’s first month of 2026, while overall inflation hit 73.5% in Farvardin and food inflation reached 115%.
  • The Consumers and Producers Protection Organization declared the cooking-oil price hikes illegal and demanded a return to previous levels.
  • Monthly cash subsidies and electronic vouchers total less than $10 per person, leaving a Tehran resident unable to afford many basic items.