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Iranians Protest Rising Prices

The Wall Street Journal
26th June 2012

BEIRUT—Iranians protesting soaring food prices launched a spontaneous three-day boycott of milk and bread purchases, in a sign that growing economic hardship could lead to more civil disobedience.

The grass-roots campaign, which ran from Saturday through Monday, wasn't affiliated with any opposition group. Dozens of Iranians said in interviews and on social-networking sites and blogs that they had participated in the boycott, and a number of bakeries and grocery stores across Tehran, the capital, reported declines in milk and bread sales of as much as 90%.

Iran's economy has been deteriorating amid domestic mismanagement, corruption and international sanctions that have made it difficult for manufacturers to import raw material and to conduct banking transactions. A European Union embargo on Iranian oil is set to start July 1. 

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