The record
Written from the 1 report below. Nothing here is unsourced.
- Iranian families are increasingly selling personal belongings, including natural hair and empty perfume bottles, to cope with inflation that reached 66% in the Iranian month ending in late July and 87.9% year-on-year, according to the Iranian news agency ILNA.
- Online classified websites are seeing more listings for used work shoes, clothes, and other household items, while demand for rented laptops for tasks like typing and attending online classes has also grown.
- ILNA described the trend as a "survival economy", noting that households are choosing to rent instead of own and treating everyday items as assets that can be sold for quick cash.
- The report follows other signs of financial hardship, such as rising use of instalment payments for healthcare and medicines.
What to watch next
- Whether inflation rates reported by the Statistical Center of Iran continue to rise or ease in coming months
- Whether second-hand sales, rentals, and instalment-based healthcare payments keep increasing as purchasing power declines
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1 report
English national1
All filed from India
Named Iran · ILNA · Microsoft Office · Statistical Center of Iran
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