Planning lower inflation index for October, first rise in annual inflation confirms.
Planning declare lower inflation index for October and the first rise in annual inflation confirms
11/15/2015 0 Comments
The Iraqi Ministry of Planning, on Sunday, for low inflation for the month of October last index by (0.1%) compared to last September month, and with high annual inflation index confirmed by (1.6%), it pointed out that the price survey for the month mentioned did not include the three Iraqi provinces Because of the security situation.
He said ministry spokesman Abdul Zahra al-Hindawi said in a statement received (range Press) copy of it, that "the Central Bureau of Statistics of the Ministry completed the inflation report for the month of October last in 2015 on the basis of field data collection on the prices of goods and services components of the consumer basket of selected sample of outlets in all governorates of Iraq, "noting that" these rates are calculated goods and services of food, rent, transportation, communications, health, education and other, which include the consumer is keeping from. "
Hindawi said that "the monthly inflation index for the month of last October fell by 0.9%, while the annual inflation index for the twelve months last from October 2014 to October 2015 increased by 1.6% as a result influenced by a rise section housing prices by 3.2% in the month October 2015 compared with the same month of last year, "stressing" the Department of rising food prices and non-alcoholic beverages at a rate of (0.9%). "
Hindawi pointed out that "the survey which was conducted during October of last month did not include three Iraqi provinces because of the security situation witnessed in those governorates of Nineveh, Salahuddin and Anbar", pointing out that "the base inflation index rose in October last month by 0.1% Compared with the previous month of June at a rate of 1.6% for the month of July 2014 ".
Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.