Bloomberg News

Iran Aims to Fight Hoarding, High Prices in Bazaars, Shargh Says

June 13, 2012

Iran, seeking to combat high prices and the hoarding of goods by shop owners, will increase the numbers of inspectors at bazaars, Shargh reported, citing a top commerce official.

Some 10,000 inspectors will be sent to monitor the bazaars, said Javad Taghavi, the deputy minister of Industries, Mines and Commerce, according to the Tehran-based newspaper. The report didn’t specify whether the measure was implemented nationwide or in the capital, Tehran, alone.

The ministry has set up a phone number for Iranians to report and file complaints, Taghavi said, according to the newspaper. Offenders will be punished, he added.

International sanctions aimed at curbing Iran’s nuclear program have targeted trade and banking, pushing up the price of goods inside the country. Iran’s inflation rate accelerated to 22.2 percent in the 12 months through the Iranian month of Ordibehesht, which ended May 20, from 21.8 percent the previous month, the central bank said.

To contact the reporter on this story: Yeganeh Salehi in Dubai at yalehi@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


Soul Searcher
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus