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[size=45][size=41]Economist: Inflation in Iraq has risen to the highest level in years[/size]
21 hours ago
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21 hours ago
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An economist expected that the annual inflation rate for the month of January 2023 would rise to more than 8.2%, and he considered it “the highest rise in Iraq in years.”
Manar Al-Obeidi said in a statement that "the annual inflation rate in the food sector amounted to 10.4%, while the annual inflation rate in the transportation sector amounted to 13.9%."
He added, "As for the highest increase in inflation rates, it was in the electricity and water supply sector, as it increased by 34% compared to the previous year, while inflation rates in rents only increased by 1.6%."
Al-Obaidi pointed out, "The only two sectors that witnessed a decrease in inflation rates are the telecommunications sector, which decreased by 11%, and the maintenance services sector, which decreased by 1.4%."
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