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The World Bank expects annual inflation in Iraq to decline to 3.3%
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Economy News - Baghdad
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 .
In a report, the bank said, "It is expected that the annual inflation of Iraq will 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 with 10%, and then Tunisia with 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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