Milk prices in Iran are on the boil:Rise to over 8 lakh rial/litre; Iranians cry foul over rising essential goods prices

The joint military strikes of the US and Israel on Iran have apparently put fuel to the rising prices of food items and daily-use items for the common man in the war-torn country. The dramatic fall in the value of the Iranian currency rial has also played its part. The prices of everyday goods significantly impact people’s lives. These directly impact middle man’s pockets. Here’s a snapshot of some key commodity prices in Iran: Price of Food Items In Iran Milk: You will be shocked to know that in terms of Iranian currency, the rate of one litre of milk has reached 8.2 lakh Iranian rial. As milk is on the boil, the prices of related products like butter and cheese have also seen surge. Bread: A 500 gram loaf of fresh white bread is 6.6 lakh Iranian rial. Rice: White rice of 1 kg currently costs 32 lakh rial. Eggs: 12 large size eggs are priced at 14.54 lakh rial. Cheese: 1 kg of local cheese costs 52 lakh Iranian rial. Just imagine! What is the situation of poor people in the war-torn nation is! Iran’s inflation trajectory in past High inflation has troubled the Iranians since long. The rate of rise in prices of commodities has continuously gone up in the last 10 months, running till December 2025. As per the country’s central bank, Bank Markazi, December 2025 inflation print had come in at 42.4%. Recent step undertaken by Iranian government to stop currency plunge: Before the 28 February attack, the Iranian government had said that he was going to remove four zeros from the national currency. Simply put, 10,000 rials would be equal just 1 rial. This was approved by the country’s parliament also. Prolonged inflation has significantly devalued the rial. Currently, the Iranian rial has reached around 13.50 lakh per US dollar in the free market. While, 1 Indian rupee equals over 14,000 rials. Falling GDP! Iran’s Gross Domestic Product (GDP) growth rate has only fallen in last few years. According to the International Monetary Fund (IMF), the nation’s economy would only expand at the meagre rate of 0.6% in 2025. The metric had fallen to 3.7% in 2024 from 5.3% in 2023. GDP has only grown by lull single digits and inflation in double digits in last few years!