Planning: Monthly and annual inflation rates are declining in Iraq.
Planning: Monthly and annual inflation rates are declining in Iraq.
2025-07-26 01:58
Shafaq News – Baghdad
The Ministry of Planning announced on Saturday a decline in monthly and annual inflation rates during June.
The ministry’s official spokesperson, Abdul Zahra Al-Hindawi, said in a statement today that teams from the General Authority for Statistics and Geographic Information Systems, through their field visits to all Iraqi governorates to monitor price changes in major markets at the district level, recorded a decrease in the monthly inflation rate by 1.2% compared to last May. The annual inflation rate also recorded a decrease of 0.6% compared to June 2024.
The ministry attributed this decline to a decline in prices in several major categories. The food and non-alcoholic beverages category recorded a 1.7% decline, while the tobacco category saw a 2.1% decline. Meanwhile, clothing and footwear prices rose slightly by 0.1%.
The housing sector also declined by 2.1%, while the household furnishings and equipment, health, and education sectors maintained their levels unchanged compared to May.
The transportation sector recorded a 0.6% decline, while prices for the entertainment and culture sector rose by 0.9%. The restaurants and hotels sector witnessed a slight decline of 0.1%, while prices for the miscellaneous goods and services sector rose by 0.4%.
Al-Hindawi added that the annual core inflation rate—which is calculated after excluding items with volatile prices, namely fruits and vegetables within the food and non-alcoholic beverages section, and oil and cooking gas within the housing and water section—also recorded a decline of 0.7%.
shafaq.com
