Central Bank: Annual inflation in Iraq controlled

Central Bank: Annual inflation in Iraq controlled

Tuesday, September 18, 2012

BAGHDAD – babysit – The Central Bank of Iraq that “the foundation’s annual inflation which was announced by the Ministry of Planning is not large and is considered under control in such circumstances experienced by Iraq.”
The deputy governor of the Bank the appearance of Mohammed Saleh in a press statement that the inflation rate basis for the last month of August rose to 141.0 percent attributing the cause to rise in housing prices and private rentals.

“The” annual inflation rate basis for the month of August rose by 0.2 percent compared to the base with inflation for the month of July. ”

“The annual inflation foundation for the month of August also rose to 5.0 percent compared to the base annual inflation for the month of August of 2011, noting that the foundation’s annual inflation known worldwide and represents ongoing spending pressures.”

He attributed the “high annual inflation due to rising housing prices and shelter rate of 10.0 compared to prices in the month of August 2011 due to higher rents for residential buildings fell 13.2 percent.”

Saleh continued that “high bank reserves of foreign currency will force factor in reducing inflation through certain procedures such as the use of a reference interest rate or other measures in the event of continued increase in inflation in Iraq” … p / i
Source: alrayy