Inflation, subsidy reform hit stomachs in isolated Iran ...Middle East

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Inflation, subsidy reform hit stomachs in isolated Iran
Tehran: Outside his butchery in the south of Iran’s capital, Ali cuts up a sheep carcass for customers who, like him, have seen inflation and subsidy reform devour their purchasing power.“My sales have fallen significantly -- almost by half,“ Ali, 50, told AFP.“What can I say? I am a butcher and you may not believe me, but sometimes I don’t eat meat for a week,“ he added. “Everything has gone up in price.”Inflation is making an unwelcome comeback globally -- stoked by high energy and food prices, driven largely by Russia’s invasion of Ukraine, a major wheat producer, and by related sanctions on Moscow.But Iran has been wrestling with rampant price growth for years, exceeding 30 percent annua

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