16:04 UTC
Al Jazeera: Iran inflation near 88% as war and US port blockade squeeze households
Al Jazeera reports millions of Iranians face sharp cost-of-living pressure more than five months into the war with the United States. Official data cited for end-July put year-on-year inflation at about 88 percent and food inflation above 128 percent, with minimum-wage workers seeing staple foods take a large share of monthly pay. President Masoud Pezeshkian said last week the conflict and US naval blockade of southern ports cut oil sales and damaged factories, raising government costs while talks with Oman on Hormuz shipping continue.