Newspaper: inflation in Iraq reached record levels

Newspaper: inflation in Iraq reached record levels

29/08/2012 07:59

Arbil August 29 / August (Rn) – approved by the Central Bureau of Statistics of the Ministry of Planning, the arrival of inflation base in Iraq to record levels, reaching 140.7 percent registered increased of 5.9 compared to last year. newspaper said (life) of London that “inflation indicators Annual seen, compared to last year, a rise clear reached 5.9 percent, due to rising housing prices in different areas of Iraq at 10 percent, compounded by rising rents residential by 13 percent. ” Iraq has suffered economic problems several, according to the Ministry of Planning exceeded the number of poor in Iraq 8 million, while the unemployment rate is 18 percent, while occupying the country ranks third in the rates of countries most corrupt. The report focused on the dramatic rise of the housing sector, as witnessed selling real estate and purchased a significant increase amounted to 9.6 percent, as recorded rents homes rise amounted to 13.2 percent. Did not exclude the energy sector, where increased rates rise to 1.1 percent. The report also high rates of inflation in the sectors of furniture and health services rate of 5.6 percent, as well as transport and communications sector, education, services and restaurants in different proportions. meanwhile, announced the Iraqi Central Bank was forced to convert more than $ 45 billion last year to settle the import requirements of the private and public sectors, mostly to import food commodities and various services and goods. Open: Wafa Zangana

Source: aknews