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REASONS FOR HIGH INFLATION RATES IN IRAQ
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REASONS FOR HIGH INFLATION RATES IN IRAQ
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[You must be registered and logged in to see this link.]20 minutes ago9Today, Sunday, the Ministry of Planning identified the reasons for the high rates of inflation in Iraq, and indicated that they did not reach unbridled levels.
Ministry spokesman Abdul-Zahra Al-Hindawi told the official agency and followed by the news agency, that "the rise and fall of inflation is affected by economic conditions, the size of the monetary mass and the prices of goods and services," noting that "inflation worldwide is witnessing a rise in its rates, as it reached the highest affected rate." The global food crisis and the aftermath of the Russian-Ukrainian war.
He added, "Iraq is part of the global economic system that is affected by such conditions," stressing that "inflation indicators have risen in Iraq during the past months, but the rises are still within the normal rates and have not reached unruly levels as described in economic conventions."
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Ministry spokesman Abdul-Zahra Al-Hindawi told the official agency and followed by the news agency, that "the rise and fall of inflation is affected by economic conditions, the size of the monetary mass and the prices of goods and services," noting that "inflation worldwide is witnessing a rise in its rates, as it reached the highest affected rate." The global food crisis and the aftermath of the Russian-Ukrainian war.
He added, "Iraq is part of the global economic system that is affected by such conditions," stressing that "inflation indicators have risen in Iraq during the past months, but the rises are still within the normal rates and have not reached unruly levels as described in economic conventions."
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