Updated

Iran's Statistical Center said monthly inflation was 4.4% in the Mehr month, ending October 22, while prices were 88.7% higher than a year earlier. The 12-month average inflation rate reached 76.8%. Reuters reported that families are cutting back on food, housing and education as the eight-month-old war with the United States drives one of the country's worst inflation surges in decades, leaving wages short of basic costs.