Economist Hossein Raqfar says the bad economic foundations were laid in the Hashemi administration and the trend was to be completed by Ahmadinejad. He says that the Rouhani administration follows the same faulty policies, making the rise of inflation to 40 percent not very far-fetched.
He said "Hashemi started the economic adjustment plan and Ahmadinejad took it to the full.”
Raqfar added "We named the structural adjustment and the liberalization of prices the subsidies targeting and changed the name of privatization and transfers of the adjustment plan to the 44th Article.”
Mohammad Hashemi, Akbar Hashemi’s brother, has also warned against a 40-pct. inflation rate.
The warnings come at a time when the government is trying to lift a weight off the low-earning classes by distributing what it calls basket of goods.