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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    American magazine: Inflation in Iraq rose by 1000% in 2021

    Rocky
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    • Post n°1

    American magazine: Inflation in Iraq rose by 1000% in 2021 Empty American magazine: Inflation in Iraq rose by 1000% in 2021

    Post by Rocky Sat 25 Dec 2021, 6:13 am

    American magazine: Inflation in Iraq rose by 1000% in 2021

    •  Time: 12/25/2021 11:33:16
       
    •  Reading: 1,001 times

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    {Economic: Al Furat News} The American “Global Finance” magazine revealed that the annual inflation in Iraq rose to nearly 1000% in one year.
    The magazine said in its table that included 191 countries, including Iraq, which were included about the inflation rates in these countries, that "the annual inflation of Iraq for the month of October 2021 rose to 6.4% compared to the same month of last year 2020, which amounted to 0.6% and an increase of 966.67% ".
    And she indicated that "inflation also rose from the same month of 2019, in which the annual inflation was 0.2%," noting that "Iraq ranked fifth in the Arab world in terms of the rise in inflation after each of Sudan, in which annual inflation reached 194.6%, and Yemen 40.8% Libya 21.1%, Algeria 6.5%, while the lowest Arab countries in terms of annual inflation was Bahrain, at 1%.
    Globally, Venezuela came first with the most annual inflation at 2,700%, followed by Sudan with 194.6%, then Zimbabwe with 92.5%, while the most declining country in its annual inflation was Samoa with a rate of -3%, preceded by Comoros by 1%.
    The magazine pointed out that "Afghanistan, Argentina, Lebanon, Somalia and Syria" are not included in the table because there are no statistics for these countries.
    Continuing inflation may end up in stagflation where economic growth slows, unemployment remains high, inflation remains at high levels, and what is (much) worse, although very uncommon, is the specter of a hyperinflation scenario, in which prices grow unsustainably Control it which leads to a depreciation of the currency.
    The American magazine concluded its report by saying that "reducing inflation does not mean that prices will return to what they were before, as it will stop growing at an accelerated pace." 
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