Planning announces a new high index of inflation
Planning announces a new high index of inflation
15.04.2012
Revealed the Ministry of Planning and Development Cooperation for obtaining a new high in the index to the annual overall inflation for the month of March increased by 8.3% over the same month of 2011. In an interview with Radio Free Iraq, attributed the ministry spokesman Abdul Zahra al-Hindawi, the reasons for the rise to two main factors are the first in “The high overall rate of prices of vegetables and fruits following the government’s decision in February 2012 to suspend Astaradhma which led to… a rise in the price index of the Department of Food and non-alcoholic beverages within the basket of the prices increased by 13.2% compared to that index in the month of March 2011.”The second factor has been the “state of the continuous rise of the index price for the Department of Housing and real estate (8%) than it was in March 2011.” Hindawi said in this context “that the state of the rise in the inflation index is not limited to an annual rate, but Tadth to the case of rising inflationary between February and March of 2012 by about 2% while not Ttakt this ratio monthly barrier of 1% during the months leading up to this date, “as he put it. Iraqi economists saw on their part that what is put by the Ministry of Planning of factors, says it is inflationary, “is not a reason real case of high growing rate of overall inflation in the country, “Recalling an economist Ala short to be attributed the rise” due to the instability Iraqi dinar exchange rate against the U.S. dollar witnessed by the Iraqi market recently, and the fluctuation rate of activity of Central Bank auction for the sale of the last addition to the case of smuggling the dollar to the neighboring countries as well as the government announced the launch of Labour tariff mid-year 2012 “, according to his opinion. had been expecting other economists continue what they described as “the status of growth to the inflation rate within the basket of the prices in the absence of stable political situation and the fluctuation of the exchange rate of the dinar against the dollar, warning At the same time the consequences of this case, “Recalling the economic expert, Dr. Hilal Taan to” the general inflation rate in Iraq seems crawling towards what is termed by the holding of hellish for inflation, which becomes her rein in the last very difficult unless it speeds up the relevant government agencies avoiding Access to this stage by re-stabilizing the exchange rate of the dinar to the dollar and resolving political differences, “as he put it.
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