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Economy News _ Baghdad
Iraq ranked 122nd globally and ninth in the Arab world with the highest inflation rate for the year 2022, according to CEOWORLD magazine, which specializes in statistics.
The magazine said in a report seen by Al-Iqtisad News, “Consumer prices are being distorted due to supply chain disruptions and high energy costs resulting from geopolitical tensions. As a result, inflation rates are rising in almost half of the world’s countries, with inflation rates reaching double digits or double digits.” Higher,” noting that “28 countries were not included in the table because there are no official statistics for them in the year 2022, such as Iran, Angola, and Lebanon, the latter of which inflation in the year 2021 reached about 155%.”
At the global level, “Sudan recorded first in the world in terms of inflation rates at 139%, followed by Zimbabwe at second at 105%, Turkey at third at 72%, Suriname fourth at 52%, Sri Lanka fifth at 50%, Haiti at 34%, Guinea at 31%, Moldova at 29%, and Sierra Leone at 27%.” The Lao Democratic Republic 23%, Malawi 21%, and Ukraine 20% are the highest rates in the world.”
She pointed out that "Iraq ranked 122nd globally out of 150 countries listed in the table and ranked ninth in the Arab world with the highest rate of inflation, as inflation in Iraq reached 5% in the year 2022, lower than the year 2021, in which it reached 6%, and higher than the year 2020, which was 1%." ".
In the Arab world, Sudan came with the highest inflation rate at the global and Arab level at 139%, followed by Egypt secondly 14%, Mauritania third 10%, then Algeria fourth 9%, Tunisia fifth 8%, then Morocco sixth 7%, and then Djibouti seventh 5 %, Qatar ranked eighth at 5%, Iraq ranked ninth, the UAE ranked tenth at 5%, and Jordan ranked 11th at 4%, according to the magazine’s report.
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