Iran’s ‘misery index’—an informal measure of an economy that adds inflation to the unemployment rate—more than doubled this past winter, jumping to 39 percent from 19.4 percent in the previous winter, and is likely to further spike as the U.S. sanctions are crippling the Iranian economy and its main export revenue generator, oil. According to data from the Statistical Center of Iran (SCI), cited by the National Council of Resistance of Iran , the fourth quarter of Iran’s calendar year—December 2018 through March 2019—saw inflation rate surging to 26.9 percent and unemployment rate at 12.1 percent. After March, Iran’s inflation in the spring further soared and stood at 37.6 percent in June, according to the National Council of Resistance of Iran. The ‘misery index’ is set to further increase after the U.S. removed all sanction waivers for Iranian oil buyers, leading to another plunge in Iran’s exports. One week […]