Inflation fell in January to 6.1% decline in food prices


Sunday 6 March 2016 | 10:04
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BAGHDAD / ... The Ministry of Planning, the low annual inflation for the month of January, the index increased by 6.1% influenced by a decline in food prices by 3%.

The spokesman said the ministry Abdul Zahra al-Hindawi said in a statement "Eye Iraq News" received a copy of it, that "the indicators of inflation fell during the month of January by 0.6%, while the annual inflation rate is seen another decline in the month compared with the same month of the previous year 2015 by 1.6%. "

"The reason for decline in the monthly inflation index was influenced by lower indices for a number of departments, including the food and beverage department non-alcoholic beverages increased by 3% and the Department of Transport by 0.9%, and the Department of Communication 0.2%, and the department of recreation and culture by 5.3%."

He added, "The decline in the annual inflation index, which amounted to 104.8%, down by 1.6% compared to the January month of 2015 was 106.5%, came because of the low prices of the Department of Food and non-alcoholic beverages increased by 3% to contribute increased by 151.0% in the monthly rate of change."

Hindawi pointed out that "the changes in the annual inflation indicators also resulted from a decrease in vegetable group by 10.5% from the previous month due to lower prices of tomatoes increased by 26.5% and potato prices increased by 14.7%, as well as a decrease in fruit set prices by 4.7% from the previous month due to lower the price of apples by 17.0% and prices of oranges by 13.8%. "

The "lower fish prices of 3.6% from the previous month due to lower prices of fresh fish Karp attributes by 3.6% and frozen fish by 4.0%."

He continued, spokesman for the Ministry of Planning "The meat group also saw a decrease of 1.3% from the previous month due to lower lamb prices of fresh 1.2%, beef fresh 1.0%, and frozen chicken by 1.6%, lower oils and fats by 0.8% for the month the former due to lower commercial vegetable oil prices by 2.3%, while milk, cheese and eggs group has seen a rise in prices by 1.4% from the previous month due to higher prices of eggs by 6.2%. "

He pointed out that "the Department of clothing section rates and footwear recorded a rise of 0.8% to contribute by 8.5% in the monthly rate of change due to the high standard figures for a clothing materials by 1.9%, as the department Aalexan increased 1.1% to contribute by 50.1% in the monthly rate of change due to higher standard figures for a water and electricity supply by 5.8%. "

Hindawi said that "the food and beverage department prices of non-alcoholic beverages recorded a decrease of 1.6% to contribute by 47.4% in the annual rate of change and this decrease resulted from the decline in the prices of meat by 0.5%, lower fish group by 16.4%."

He argued that "in the tobacco division rose by 11.3% to contribute by 7.1% in the annual rate of change, and scored clothing and footwear division a decrease of 8.2% to contribute by 60.2% in the annual rate of change due to lower clothing set at 7.5% and group footwear by 11.2% ".

He added that "the Department of Housing, water, electricity, gas and fuel prices recorded a rise of 3.4% to contribute by 96.5% in the annual rate of change due to the high range water supply and electricity prices by 27% and a maintenance and service housing by 12.8%."

A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi that "the prices of the Department of household furnishings and equipment and maintenance fell by 2.3% to contribute by 15.7% in the annual change due to lower furniture and fittings set prices by 6.0%, and record the health department a rise of 3.6% to contribute by 16.6% in the change annual. "

"As CTO record a decrease of 9.2% to contribute increased by 147.4% in the annual change," adding that "inflation is basically index fell by 0.1% from the previous month and fell by 1.8% for the month of January 2015," noting that "Price Survey did not include the provinces Anbar, Nineveh and Salahuddin to the difficulty of implementing the survey prices because of the security situation in which ".anthy 1

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