The World Bank expects annual inflation to decline in Iraq
The World Bank expects annual inflation to decline in Iraq
2022-04-17 07:59
Shafaq News/ The World Bank expected the annual inflation in Iraq to decline to 3.3% this year, indicating that the number of people who will live in poverty in the Middle East and North Africa will be 9 million.
The bank said in a report, that “the annual inflation of Iraq is expected to decline from 6% during the year 2021 to 3.3% in the year 2022 and to 3% in the year 2023, indicating that the annual inflation of Iraq had reached 0.6% in the year 2020″.
He added that the largest inflation that countries in the Middle East and North Africa will witness is Iran, where it is expected to reach 37.6% in 2022, followed by Egypt 10% and Tunisia 6.4%, while the lowest annual inflation will be in Djibouti and Saudi Arabia by 2%.
The report also indicated that many countries in the region will witness a further rise in food prices and will be at risk of food insecurity, indicating that Djibouti, Lebanon, Syria and Yemen have witnessed sharp increases in food prices in general.
According to the World Bank report, “the number of people who will live in poverty in the Middle East and North Africa will be 9 million between pre-pandemic levels and the end of 2022.”
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