Economist: Prices are eating up Iraqis’ salaries and weakening their purchasing power.
Economist: Prices are eating up Iraqis’ salaries and weakening their purchasing power.
9-3-2025
Information/Baghdad..
Economic researcher Diaa Abdel Karim warned on Wednesday that rising prices, particularly of consumer goods and food, will weaken citizens’ purchasing power in the absence of genuine salary reforms.
Abdul Karim told Al-Maalouma, “After raising the dollar exchange rate in recent years, the government has not offered practical solutions to address the declining value of salaries and wages in the public and private sectors.”
He added, “The failure to review the salary scale or increase wages, coupled with the decline in the value of the dinar against the dollar, has reduced citizens’ purchasing power, both for goods and food.”
He pointed out that “the low salaries that cover daily needs are due to several factors, most notably the cost of purchasing electricity, the high prices of food and drinking water, in addition to the exorbitant wages of doctors and medicines,” stressing that “the government is capable of setting controls to reduce these costs in a way that eases the burden on citizens.”
almaalomah.me
