Higher inflation in Iraq announces plan to about 2%


23/10/2016-16:13


Detect planning Ministry, Sunday, the high inflation rate of the local economy in one year to around 2%, indicating that those for food and accommodation included.

Ministry spokesman Abdul Zahra Hindawi in a press release, that "inflation in domestic markets totaled since September 2015 until September of this year, about 2 percent because of increased food consumption of citizens and unnecessary goods and clothes.

"The more sectors that increased inflation is housing, clothing, food, entertainment and Tourism shares in influencing other sectors."

Hindawi drew that "inflation index very natural compared to previous years and does not need to be urgently addressed, as in previous years after inflation exceeded 15% in just one year.

Iraq suffers from very difficult economic circumstances, as a result of the continuing decline in world oil prices, Iraq resorted to external borrowing to plug.

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