Planning announces an increase of 5.6% inflation within 5 months

[size=52]Planning announces an increase of 5.6% inflation within 5 months[/size]

[size=45]A spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, announced that inflation rates have increased in the country during the last five months.[/size]
[size=45]In a statement received by Al-Mada, Al-Hindawi said, "The increase in the monthly inflation rate during the month of March was 0.7% compared to the previous month," and that the annual increase in inflation was "4.3%."[/size]
[size=45]A spokesman for the Ministry of Planning stated that the inflation rate during the last five months (November 2020 - March 2021) was "5.6%."[/size]
[size=45]Al-Hindawi detailed the price increase, which was monitored by the Ministry of Planning in a number of sectors, during the month of March 2021, as follows:[/size]
[size=45]- An increase in the prices of food and non-alcoholic beverages by 2.2%.[/size]
[size=45]- An increase in the prices of clothes and shoes by 2.4%.[/size]
[size=45]Tobacco prices increased by 1.6%.[/size]
[size=45]- An increase in the prices of household appliances and equipment by 0.3%.[/size]
[size=45]- The prices of the Health Department increased by 0.4%, as a result of the increase in drug prices.[/size]
[size=45]- Transportation prices increased by 0.2%.[/size]
[size=45]- An increase in the prices of restaurants and hotels by 0.2%.[/size]
[size=45]A spokesman for the Iraqi Federal Ministry of Planning stated that the following sectors recorded a decrease in prices, as shown below:[/size]
[size=45]Housing by 0.2%.[/size]
[size=45]Entertainment and culture, by 2.1%, as a result of the decrease in airline ticket prices.[/size]
[size=45]- Miscellaneous goods and services by 0.6% as a result of the decline in gold prices throughout Iraq.[/size]
[size=45]The Prime Minister, Mustafa Al-Kazemi, confirmed in mid-April that the increase in commodity prices in Iraq is linked to the “greed” of some traders. While traders attribute this rise to the increase in the exchange rate of the dollar against the Iraqi dinar, the fact that the process of importing materials from abroad takes place in dollars, and that leads to an increase in imported materials. During the past months, Iraq was suffering from a suffocating financial crisis that threatened the salaries of its employees, until the authorities decided, on December 20, to reduce the value of the dinar against the dollar to 1450 instead of 1184, to contain the crisis, but the decision caused stagnation in the economic movement and an increase in commodity prices in the markets. Local.[/size]
[size=45]On (March 31, 2021), the House of Representatives voted on the Federal Budget Law for the Republic of Iraq for the year 2021 in general after months of heated debate over the law between political parties, with a total value of about $ 69.9 billion, calculated based on the export of crude oil on the basis of The price of $ 45 a barrel, and the rate of exporting three million and 250 thousand barrels per day.[/size]
[size=45]On April 11, Al-Kazemi said, during his visit to Basra, that the Central Bank’s foreign currency reserves rose to more than $ 60 billion, after it was 51.9 billion before the reform measures of this government began.[/size]
[size=45]He attributed the increase to "the reform measures taken by the government after many gambled on its failure and failure to continue," adding: "We have succeeded in stopping the waste and the great corruption in the notorious Central Bank auction and we are proceeding with our measures and we will not stop."[/size]
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