The Ministry of Planning announces measures to reduce inflation in the country
The Ministry of Planning announces measures to reduce inflation in the country
Monday 4 October 2021 | 03:45 PM
The Ministry of Planning announced, on Monday, measures to reduce inflation, while noting that it had risen 8% in August compared to the same month last year. The ministry’s spokesman, Abdul-Zahra Al-Hindawi, told the official news agency, “Inflation witnessed a rise in its rates after the change in the exchange rate of the dollar in November of last year, as it initially rose to 4% and after that witnessed stability, there is a monthly rise in rates.” Inflation has begun to decline. Al-Hindawi added that “inflation rose last month by 0.5%, but the cumulative rise from November of last year to August of this year reached 6.5% due to the accumulation of monthly rise, and by comparing the month of August of this year with its counterpart last year, we will find The rise in inflation rates reached about 8%. He pointed out that ” Prices are the ones that affect the rise in inflation, as it is possible for prices to rise, so the inflation index rises, meaning that a person, with his money, is unable to buy his goods due to high prices and the result due to monthly inflation.” Al-Hindawi continued, “The measures required to reduce inflation are to maintain On the other hand, increasing the volume of investment; This will reduce inflation.
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