With a monthly inflation rate of 50%, a $1 product on January 1 would be cost $130 the next January 1.
Iran isn't alone in its struggles with inflation. According to Trading Economics, five other nations currently have higher inflation rates: North Korea, Argentina, South Sudan, Zimbabwe, and Venezuela, who has the highest in the world at 130,060%.
Unemployment could top 16%
Unemployment in Iran is expected to hit 15.4% in 2019 and rise above 16% next year, according to CNN. That would more than four times the current US unemployment rate of less than 4%.
Things aren't faring much better in Iran's capital Tehran, where the unemployment rate is 12.2%.
Meanwhile, the youth unemployment rate is even worse, with 28% of the labor force between ages 15 and 24 out of a job in 2018.