Iran inflation 14.7% in year to Nov. CB

[Aristophanes]

You can follow the link here.

Iran inflation 14.7 pct in yr to Nov - c.bank
TEHRAN, Jan 17 (Reuters) - Iran's inflation rate was 14.7 percent in the year to Nov. 21, down on the 15.1 percent reported for the 12 months to Oct. 22 but still higher than the same period a year before, the central bank reported.

The bank reported an inflation rate of 11.1 percent in the year to Nov. 21, 2005.

Economists say the government's spending policies, aimed at spreading Iran's petrodollars more fairly, are fuelling inflation -- which has been edging higher in recent months.

This is the first time in the Iranian year that began in March, 2006 when the inflation rate over 12 months has dipped from the previous month's figure.

But the Central Bank of Iran said in its monthly report on its Web site (www.cbi.ir) that the average rise in consumer prices in urban areas still climbed to 11.5 percent in the year to Nov. 21 from 11.2 percent in the 12 months to Oct. 22.

Economists say the general index for 12 months reflects inflation better than the average rate but they say that official figures in general tend to underestimate what the Iranian public has to pay for goods in shops and bazaars.

Lawmakers, the press and the public are becoming increasingly critical of the government for not reining in price hikes. The government has blamed the media for exaggerating the problem and say it is bringing prices under control.

This doesn't surprise me. Populist leaders are never very good when it comes to the economics of it all, and, quite frankly, it serves the guy right for being such an ass-hat. If oil prices fall, Chavez is gonna nose-dive too!

[Nick_Since_1985]

War is in the air, lalalala, war is in the air...

No, serious this is very very bad. Ahmadinejad will need some diversion from his internal problems, mmm, what would most evil dictators do now

[Erik]

Ahmadinejad will need some diversion from his internal problems, mmm, what would most evil dictators do now

You are forgetting that Ahmedinejad is not a dictator, but a democratically elected president.

He has lost a lot of support already, and if things stay this way he won't be re-elected after his 4 year term.
There is even speculation that his unpopularity will force his to step down before the end of his term (if only they had such a system in the US, huh?).

Populists government have a tendency to drive themselves into the ground, that's why I'm not that worried about them.
The last time a populist party gained cabinet positions in my country they only lasted 86 days, and the first secretary of state had to resign after just 8 hours.

The best way to deal with populists governments is to simply ignore them.
Don't allow them to make enemies because the more enemies they have the better their rhetoric works and the less attention goes to their mismanagement of the economy and other important issues.

[Nick_Since_1985]

You are forgetting that Ahmedinejad is not a dictator, but a democratically elected president.

So that makes Hitler and Saddam not dictators.

[Erik]

So that makes Hitler and Saddam not dictators.

Ok, let me rephrase that:
Ahmedinejad was elected for a limited time of 4 years, after which new elections will be helt.
And his position as president does not grand him absolute power, so by definition he is not a dictator.

1. a person exercising absolute power, esp. a ruler who has absolute, unrestricted control in a government without hereditary succession.
2. (in ancient Rome) a person invested with supreme authority during a crisis, the regular magistracy being subordinated to him until the crisis was met.
3. a person who authoritatively prescribes conduct, usage, etc.: a dictator of fashion.
4. a person who dictates, as to a secretary.

If anyone is a dictator in Iran it's Ayatollah Ali Khamenei, not Ahmedinejad.

[Nick_Since_1985]

If anyone is a dictator in Iran it's Ayatollah Ali Khamenei, not Ahmedinejad.

Let's not forget the good old days of the Sjah...

[Mikelus Trento]

War is in the air, lalalala, war is in the air...

No, serious this is very very bad. Ahmadinejad will need some diversion from his internal problems, mmm, what would most evil dictators do now

Well, let's see...Hitler decided starting a world war was appropriate, and then put the frosting on the cake by going against all wisdom and opened up an Eastern Front AND declared war on the US in the same year. We can only hope "I'mmadandjaded" is as silly.

[RusskiSoldat]

Attacking a nation far stronger than Iran is quite obviously not the answer.
Another Hezbollah proxy war at worst.

[PacSubCom]

What populist leaders? You mean those embargoing Iran, causing much of Iran's economic troubles for sure.

Chavez is only the tip of the iceberg. Have you looked at South America lately? You will nose dive first.

[boofhead]

Of course it is not Ahmedinejad's fault...it is the fault of the Great and Little Satans.....

[PacSubCom]

Of course it is not Ahmedinejad's fault...it is the fault of the Great and Little Satans.....

It is Ahmadinejads fault, because Ahmadinejad is the only person in Iran and in the whole world. There is nobody else walking upon the earth but Ahmadinejad.

As a matter of fact, my name is Mahmoud. And your name is Mahmoud. There is no we, we are all but thoughts in Mahmouds head.

Some day you'll understand I hope.

[boofhead]

It is Ahmadinejads fault, because Ahmadinejad is the only person in Iran and in the whole world. There is nobody else walking upon the earth but Ahmadinejad.

As a matter of fact, my name is Mahmoud. And your name is Mahmoud. There is no we, we are all but thoughts in Mahmouds head.

Some day you'll understand I hope.

LOL I think I understand Mahmoud...myself...:hmmm:

-Mahmoud

[Aristophanes]

It is Ahmadinejads fault, because Ahmadinejad is the only person in Iran and in the whole world. There is nobody else walking upon the earth but Ahmadinejad.

As a matter of fact, my name is Mahmoud. And your name is Mahmoud. There is no we, we are all but thoughts in Mahmouds head.

Some day you'll understand I hope.

And, of course, the only way to lead Iran is to excite conflict with other nations and fight a proxy war through Hezbollah and Al Qaeda Iraq. There's no way he could have simply shut up and seen to fixing his country's oil infrastructure and reforming the government.

What populist leaders? You mean those embargoing Iran, causing much of Iran's economic troubles for sure.

Embargoing Iran? Interesting choice of words. Oh you're talking about this:

United Nations Security Council Resolution 1737 was unanimously passed by the United Nations Security Council on 23 December 2006.[1] The resolution, sponsored by France, Germany and the United Kingdom [2], imposed sanctions against Iran for failing to stop its uranium enrichment program following resolution 1696. It banned the supply of nuclear-related technology and materials and froze the assets of key individuals and companies related to the enrichment program. It took place two months after the creation of a draft-resolution, which was amended several times after objections from Russia and China.[3] These objections were evident, as it took a last minute call from Russian President Vladimir Putin to U.S. President George W. Bush to finalize the vote.[4] The resolution came after the rejection of UN economic incentives for Iran to halt their nuclear enrichment program. The sanctions will be lifted if Iran suspends the "suspect activities" within 60 days to the satisfaction of the International Atomic Energy Agency.[1]

Yeah, causing Iran such terrifying economic distress as not having access to nuclear-related technology: yup, I can definitely see how that would result in 15% inflation.

Chavez is only the tip of the iceberg. Have you looked at South America lately? You will nose dive first.

Who's we? Chavez isn't exactly a formidable power-block. If you cared to notice, most South American countries, apart from Bolivia and Ecuador[not exactly the most important] really want nothing to do with Chavez. [just as they want nothing to do with the US]

[danzig]

You can follow the link here.



This doesn't surprise me. Populist leaders are never very good when it comes to the economics of it all, and, quite frankly, it serves the guy right for being such an ass-hat. If oil prices fall, Chavez is gonna nose-dive too!

Oil prices ARE falling hell maybe that is the motivating factor behind Chavez's seizure of other industry like electric/gas and dismantling of news media that doesnt sing the praise of Chavez the Great (sarcasm). Remove the teeth from a vicious dog and all you got is a loud barking dog.

[JP226]

That's really amazing that they are admitting to 14% inflation. In reality it more likely than not is much higher than that. MENA's are known for fudging the economic data.

[AMERICARULES]

Good to hear that the religious zealots controlling the country don't have a clue about macroeconomic policy. Hopefully the Iranian people will wake up and start demanding change like those brave university students did a little while ago. Also good to see that our sanctions against Iran are doing real damage.

[Tom Paine]

You can follow the link here.

This doesn't surprise me. Populist leaders are never very good when it comes to the economics of it all, and, quite frankly, it serves the guy right for being such an ass-hat. If oil prices fall, Chavez is gonna nose-dive too!

I take issue with this. Its not like populism is the only cause, and its not like the Iranian leadership is populist. Zimbabwe has incredible inflation, as did the Argentinian junta. None of these are populist. Just idealogues with no economic realisation, and I say that as a socialist. They are driving their working and buying population away, if nothing else...

[Aristophanes]

I take issue with this. Its not like populism is the only cause, and its not like the Iranian leadership is populist. Zimbabwe has incredible inflation, as did the Argentinian junta. None of these are populist. Just idealogues with no economic realisation, and I say that as a socialist. They are driving their working and buying population away, if nothing else...

Whether or not I think populism is the only cause, it is necessary only to scan the history of myriad populist governments to see that they rarely have salutary economic effects. I would never pretend that populist governments are the only ones which have mismanaged economic strategy: heck, 99% of governments could be accused of that.

[Your Lame Sister]

the fall of ahmadinejad won't change anything. iranians have been building nukes long before him, and they will continue after him. the western powers must stop iran.

[Tom Paine]

Let's keep on topic, hm? Please? This is abuot inflation. Do not make it about nukes, a different matter.