[size=36]Because of the devaluation of the dinar, Iraq has the fifth highest inflation rate in the Arab world[/size]
[You must be registered and logged in to see this link.]
Iraq ranked fifth with the highest inflation rates in the Arab world, according to Forbes Middle East magazine.
The magazine said in a report today, Monday, that Sudan ranked first with the highest average inflation rates in the Arab countries for 2021, at 194.6%, compared to 163.3% during 2020, after the value of the Sudanese pound fell against the dollar since the beginning of the year by 695. %".
She added that Yemen ranked second in terms of the highest Arab inflation rates this year at 40.7% compared to 23.1% in 2020, followed by Libya with 21.1% in 2021 from only 2.8% during the past year, and then the fourth Arab country with an average annual inflation of 6.5% in 2021 compared to 2.4% last year.
She pointed out that "Iraq ranked fifth in the ranking of the highest inflation rates in the Arab countries, where inflation will rise to 6.4% this year 2021 from 0.6% in 2020, while inflation for 2022 will decrease to 4.5%," noting that "the rise in inflation in Iraq resulted in On the recovery of domestic demand in Iraq, the decline in the value of the local currency and the occurrence of inflationary pressures in the country, although the past eight years had witnessed the stability of inflation from low levels due to the decline in import prices and weak demand. Ended 29/A 4