Iran Families Cut Essentials as Inflation Surges

Iranian households face severe financial strain as war with the United States fuels soaring inflation and rising unemployment. Essential goods and housing become unaffordable for millions as wages fail to keep pace.

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People shop in a local market in Tehran, Iran, October 27, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Iran households are cutting spending on food and housing by 90% as an eight-month war with the United States triggers severe inflation. Consumer prices jumped 90% in September compared to a year earlier, eroding household incomes across the country. The conflict has severely disrupted oil exports, trade, and government revenues following military strikes.