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Central Bank: The inflation rate in Iraq decreased and reached 3.7% in August
- Time: 11/29/2023 14:29:23
- Read: 559 times
The Central Bank discloses inflation trends in Iraq and neighboring and Arab countries
- Low inflation rate compared to last year
- Iraq has achieved price stability compared to neighboring and Arab countries, where inflation has reached two or three decimal places.
Inflation in Iraq reached approximately 3.7% in August 2023
This came despite the rise in inflation in Iraq’s trading partner countries and according to the relative importance of those countries in their trade with it, namely Iran and Turkey, by (46%) and (57%), respectively.
This reflects the success of the central bank’s policy tools in achieving price stability and maintaining inflation rates within acceptable limits
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