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Iran’s Central Bank says Inflation at WWII Levels

Year-on-year inflation in Iran reached a level in May unseen since World War II, underlining the economic pain average Iranians face as the country worries about the war with Israel and the US restarting. A report Monday by Iran's Central Bank represents the first official acknowledgment of what Iranians shopping, paying for a taxi or visiting a medical clinic already know: The rial currency is battered by the war and uncertainty around it resuming, according to The Associated Press. [...]