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Planning announces the reasons for the high rate of inflation and reveals its natural limits
- Time: 08/14/2021 11:13:24
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{Economic: Al Furat News} The Ministry of Planning announced today, Saturday, the reasons for the high rate of inflation in the country, revealing at the same time its natural limits.
Ministry spokesman Abdul-Zahra Al-Hindawi said in a statement to {Euphrates News}, that "inflation rates are rising in all countries and vary between one country and another, subject to the reality of development for countries."
He added, "In Iraq, after changing the exchange rate of the dollar, inflation rates increased more than it was before changing the exchange rate," noting that "the rates began to witness stability during the recent period, and there is a cumulative rise between half to 1 percent."
He explained that "the inflation rate has risen to 8, which is an average for a country like a sweat that is living in these conditions that are not worrying."
He pointed out that "if the rate rises to 10 or 12 percent, it is within the natural rates of rising inflation and is not unbridled. Rather, it is called a controlled natural rise that does not raise fears."
Raghad Daham
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{Economic: Al Furat News} The Ministry of Planning announced today, Saturday, the reasons for the high rate of inflation in the country, revealing at the same time its natural limits.
Ministry spokesman Abdul-Zahra Al-Hindawi said in a statement to {Euphrates News}, that "inflation rates are rising in all countries and vary between one country and another, subject to the reality of development for countries."
He added, "In Iraq, after changing the exchange rate of the dollar, inflation rates increased more than it was before changing the exchange rate," noting that "the rates began to witness stability during the recent period, and there is a cumulative rise between half to 1 percent."
He explained that "the inflation rate has risen to 8, which is an average for a country like a sweat that is living in these conditions that are not worrying."
He pointed out that "if the rate rises to 10 or 12 percent, it is within the natural rates of rising inflation and is not unbridled. Rather, it is called a controlled natural rise that does not raise fears."
Raghad Daham
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