"Inflation has its roots in the past," Ahmadinejad said in a televised speech.
Ahmadinejad's critics point out that more than 80 percent of Iran's government revenues come from crude exports and that inflation has risen under him despite sharp increases in oil prices to near $100 per barrel currently.
Central Bank of Iran figures for November showed prices of basic commodities and services rising at a 19 percent while overall inflation is running at a 16.8 percent rate annually — double the pace it was when Ahmadinejad took office in 2005. But independent economists and experts put the inflation rate well above 30 percent.
No official figures are available for specific items but over the past month, the price of basic commodities has clearly jumped in many places. In some shops visited by an Associated Press reporter in the capital, Tehran, about 2 pounds of chicken has increased 35 percent to $2.44, and rice is up 43 percent at about $2.12 for 2 pounds.
Prices for fruit and vegetables have almost tripled in the past year in many shops, and housing prices in many neighborhoods have more than doubled since last summer.
Hossein Alavi, a Tehran real estate agent, said he is selling houses at more than twice the price he asked for last year.
A prominent economist, Mohammad Sattarifar, said Ahmadinejad is to blame for flooding the market with too many newly printed bank notes, relying too much on imported goods — including basic commodities — and using oil revenues to pay for the government's day-to-day expenses instead of distributing it to the people as he promised to do in his election campaign.""
Such are the failures of oil fed socialism. I expect to see similar issues with Venezula in the coming years.