Expert reduces the effects of rising inflation in the markets
19/9/2017 12:00 am [rtl]Baghdad / Shukran al-Fatlawi An economic expert eased the repercussions of rising inflation on the national economy and described it as acceptable, pointing to the stability of the level of prices, which does not lead to concern about it. The economic expert d. Ahmed Abreihi in his speech to "morning" that the Iraqi dinar maintains its purchasing power, and did not have any negative consequences on the policy adopted by the government in financing the budget deficit, describing the rates of rise in the monthly report acceptable. The Ministry of Planning, issued on Monday, a report containing inflation rates for the month of August, announcing a rise of 0.5 percent, while the annual inflation rate of 0.2 percent, noting that the survey did not include the provinces of Anbar and Nineveh because of their security situation. Spokesman of the Ministry Abdul-Zahra al-Hindawi explained that "the Central Bureau of Statistics of the Ministry of Planning completed the report of inflation for the month of August 2017 on the basis of collecting data on the field of prices of goods and services constituents of the consumer basket of a sample of selected outlets in all governorates of Iraq," noting that " "The rates are calculated from goods and services that include food, rent, transport, communications, health, education and other consumer purchases." Hindawi said that "inflation indicators for the month of August last rose by 0.5 percent compared to the month before, in addition to the annual inflation rate of 0.2 billion Cent compared to July 2016, "it pointed out that" the rise in inflation was the result of some higher food prices sections clothing, housing and transport prices, as well as high entertainment, culture and high Department of Goods and Services Section. The Hindawi said that "the survey conducted during the month of August did not include the provinces of Anbar and Nineveh because of the security situation in these provinces." It is noteworthy that the Center for Statistics and Information Technology in January 2012, began using the mechanization in the collection of different prices and time-specific rather than the paper form in force previously, stressing that this will contribute to the rapid collection of prices and accuracy, and correct the calculation in the event of errors.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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