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Expert: delayed application of customs tariffs and the high property prices contributed to inflation

Hkp1
Hkp1
Interacting Investor
Interacting Investor

Posts : 3118
Join date : 2012-12-19

Expert: delayed application of customs tariffs and the high property prices contributed to inflation Empty Expert: delayed application of customs tariffs and the high property prices contributed to inflation

Post by Hkp1 on Thu 14 Feb 2013, 7:08 pm

Expert: delayed application of customs tariffs and the high property prices contributed to inflation


Published: 8: 28 pm, February 14, 2013 by ipa 2

Baghdad
(IBA). The Economist attributed the Basil beautiful Antoine, rising
inflation in Iraq for non-application of customs tariffs on imported
goods and the absence of internal processing and inversion effect
enlarged world market on the domestic market.

Antoine said in a
statement to the independent press agency (IBA) "to postpone the
application of the law on customs tariffs on imported goods paid by
merchants to raise the prices of imported goods and commodities in the
domestic market, noting that rising housing crisis impacted the
residential properties pay raises, in turn, reflected higher inflation."

"The
annual inflation rise to 2.8% is slightly comparatively to other
countries, stating: higher prices for soft drinks and other high
imported vegetable prices contributed to the increase of inflation in
the country."

And he noted that "higher energy prices inside of
electricity and petroleum products contributed to the rise in annual
inflation in Iraq."

"Antoine" section of the causes of inflation
contributed to the reflection of a global process of global inflation
injected into developing countries that depend on imports mainly weak
agricultural and industrial production, saying: the ease of import of
goods and commodities and building residential complexes and distributed
to the poor will reduce inflation in the country. "(End)

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