Iraq's record of increasing inflation rates in the market
21/11/2011 13:36

Baghdad, November 21 (Rn) - The Iraqi Ministry of Planning that the rate of inflation in the economy of the country rose by 5% in the month of October / October compared to the same month last year.

He said the ministry spokesman Abdul Zahra al-Hindawi, and the Kurdish news agency (Rn) that "the rate of inflation in the month of October last rose by 5% compared to the same month last year and rose by 3% compared with last September."

The Central Bank says that inflation comes because of high electricity prices mainly wage basis.

Iraq still suffers from no major power has not failed any minister took over the ministry after 2003 to find a solution to the devastating Gaza, despite the huge money from oil revenues.


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