Dramatic rise in Automotive price during Ahmadinejad's era: ILNA report says

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News code : ۴۷۹۱۷۶

According to a report by ILNA, the era of former Iranian President witnessed a dramatic rise in car prices.

According to a report by ILNA economic correspondent, during "Mahmoud Ahmadinajad", former Iranian President’s era, automotive as a consumer good turned to a capital good. Reportedly the change was connected to striking several hundred percent raise in the price of the product.

The report continued that while the prices raised dramatically, Iranian household income weren’t able to catch up proportionately. As such, people’s purchasing power for automotive declined noticeably.

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