Home
[size=36]Ministry of Planning: Inflation in the country has risen to (4.5%)[/size]
Economy | 12:23 - 03/11/2024
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Mawazine News - Baghdad
The Iraqi Ministry of Planning confirmed that the cumulative inflation level in the country has risen to approximately 4.5%.
The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in an interview followed by Mawazine News that the last monthly inflation in January 2024 was higher by 0.4% compared to what it was previously.
Abdul Zahra Al-Hindawi added that the annual inflation index rose by the same percentage compared to what it was in January 2023, meaning the cumulative inflation became approximately 4.5%.
Regarding poverty levels in the country, a spokesman for the Iraqi Ministry of Planning explained that “data from the survey results regarding the level of poverty in Iraq will be released after about two months.”
Abdul Zahra Al-Hindawi pointed out that the aforementioned survey was conducted in all governorates, including the governorates of the Kurdistan Region.
Although Iraq is considered one of the oil-rich countries, it suffers from a continuous rise in poverty rates, amid government promises to take measures to address them, but they have not achieved the desired results.
The data now approved by the Ministry of Planning, which dates back to the year 2018, indicates that the poverty rate in Iraq is 21%, and in the governorates of the Kurdistan region it is about 6.5%.
Inflation is an increase in the general level of prices of goods and services, and the Consumer Price Index (CPI) is the most common and used indicator, as it tracks the average level of prices of goods and services that a family consumes.
The Iraqi Ministry of Planning confirmed that the cumulative inflation level in the country has risen to approximately 4.5%.
The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in an interview followed by Mawazine News that the last monthly inflation in January 2024 was higher by 0.4% compared to what it was previously.
Abdul Zahra Al-Hindawi added that the annual inflation index rose by the same percentage compared to what it was in January 2023, meaning the cumulative inflation became approximately 4.5%.
Regarding poverty levels in the country, a spokesman for the Iraqi Ministry of Planning explained that “data from the survey results regarding the level of poverty in Iraq will be released after about two months.”
Abdul Zahra Al-Hindawi pointed out that the aforementioned survey was conducted in all governorates, including the governorates of the Kurdistan Region.
Although Iraq is considered one of the oil-rich countries, it suffers from a continuous rise in poverty rates, amid government promises to take measures to address them, but they have not achieved the desired results.
The data now approved by the Ministry of Planning, which dates back to the year 2018, indicates that the poverty rate in Iraq is 21%, and in the governorates of the Kurdistan region it is about 6.5%.
Inflation is an increase in the general level of prices of goods and services, and the Consumer Price Index (CPI) is the most common and used indicator, as it tracks the average level of prices of goods and services that a family consumes.
[You must be registered and logged in to see this link.]
» Iraq to the United States: The Sudanese government is continuing to implement the provisions of its
» More than 100 suspended laws in the Iraqi Parliament
» Iraq receives a suspect it recovered from Belarus on charges of embezzling 6 billion dinars
» Vice President of the Karbala Council told Nina: Karbala oil wells are within the next licensing rou
» utube 6/16/24 MM&C Iraq Dinar-IQD Update-FX-NYSE Arca-ATMs Deployment Iraq-Ki Smart Card- JPMorgan
» utube 6/13/24 MM&C IQD Update-Iraqi Dinar-2024 Budget Gazzette-Dollar Decline-WTO Working Group Ju
» Minister of Labor: We call on all media organizations to register their journalists under the Social
» Al-Sudani confirms the progress of the fight against corruption “in every corner where it hides”
» Iranian Ambassador: We support the unity of Iraq
» Popular demands to activate laws to restrict weapons and address the arms chaos in Iraq
» State of law: The new American ambassador violated Iraqi sovereignty before her arrival
» American officials: The safety of our soldiers in Iraq is more important than dragging us into a con
» The ambassador's statements are sovereign violations... and the absence of a response harms Iraq
» The new American ambassador...provocative statements and hidden intentions
» In light of her offensive statements... Politician: The American ambassador is trying to gauge the w
» Anbari official: The governorate’s budget only covers 20% of Ramadi’s requirements
» Iraq imports vegetables and fruits worth $50 million from Türkiye in a month
» Iraq appreciates Tunisia's decision to lift visas for Iraqis to enter its territory
» Parliamentary praise for the agriculture budget: equivalent to 3 times what was allocated in 10 year
» Iran: $10 billion worth of our annual exports to Iraq
» A new clarification from Parliament Finance regarding the job staffing law.. When will it be voted o
» Iraq is preparing to establish a project that will change the oil map.. Will it affect energy produc
» For the second year in a row... oil refining capacity has increased in America
» The Service Council sets an interview date for applicants for appointment who hold a master’s degree
» Al-Sudani directs a package of measures to provide job opportunities for graduates in Dhi Qar
» Hussein arrives in Switzerland to participate in the "Peace in Ukraine" summit
» Meat and Eid are at loggerheads in Iraq this year... Eid Al-Adha came with a “mid-month drought”
» A "livestock crisis" in Iraq is accompanied by a search for a "protein" alternative and fear of dead
» Warnings in Anbar about the repercussions of the US ambassador’s interference in the country’s affai
» The Foreign Minister invites the High Representative of the European Union to visit Iraq
» Iraq.. The curse of corruption is strangling the electricity arteries
» Al-Hayani: The region refuses the entry of Iraqi forces to protect it from Turkish bombing
» Abdel Joudah: America sees Iraq as part of its international orbit
» “Finance”: The staffing law will determine the job grades needed by ministries and departments
» A digital center calls for adopting visits to Iraqi prison inmates via the Internet
» Al-Sudani directs the Ministry of Finance to finance projects in Dhi Qar with an amount of 50 billio
» Iran identifies three main components of its policy towards Iraq
» Al-Sudani directs to provide job opportunities for graduates in Dhi Qar
» Al-Araji to the American Ambassador: The paths of the Sudanese government enjoy support from various
» Al-Sudani congratulates Eid Al-Adha: We affirm the progress of combating social ills and corruption
» A significant increase in Iraq's oil exports to America
» After the stock market stopped, the dollar exchange rates stabilized in Baghdad
» utube 6/11/24 MM&C Iraq Dinar-IQD Update-2024 Budget Dispurse-Legally Resolved-CBI- EU-IMF Support
» Changing the oil map: An Iraqi project affecting energy producers
» Sales of the Central Bank of Iraq exceed one billion dollars within a week
» Electronic payment in Iraq: huge profits for companies at the expense of citizens
» The President of the Republic: The necessity of providing support and legislation guaranteeing freed
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to about 8 billion
» Mayor of Baghdad: Our water purification projects conform to international health specifications
» The “new” American ambassador to Iraq attacks the factions: I will fight their influence in Iraq
» Iran blows the whistle on increasing daily oil production from a field shared with Iraq
» The fate of democracy in Kurdistan: between postponement, manipulation, and sharing the “cake”
» Creating a unit to extract oil from plastic waste with the help of water
» Movement to establish a petrochemical city in Diyala
» Parliamentary Integrity: Extending the Basra Pipeline - an obstacle to wasting Iraqi money
» The Security Committee shows the results of combating electronic blackmail
» Parliament moves against companies that support the Zionist entity
» A representative calls for doubling the service effort and increasing allocations to Nineveh
» Exploiting the Halfaya field gas increases electricity production in Iraq
» Baghdad sends 20 billion dinars to the Kurdistan Region in farmers’ dues
» Al-Sudani: The government is following a new approach aimed at activating the private sector
» Iraq announces the results of the experimental census
» Parliamentary Energy regarding the dismissal of officials in the Ministry of Electricity: They were
» Iraq sets a date for closing the Sulaymaniyah camps.. How many displaced people remain?
» To ensure energy supply...a government confirmation of the supply of electricity with fuel
» Kurdistan and Iran discuss economic and trade fields
» Deploying ATM machines in Rafidain Bank branches
» “There is no control over it.” Parliamentary Finance opens the file of providing travelers with doll
» “Public threats to obstruct it.” The Sudanese government faces a challenge to complete the project t
» The new candidate for the US Embassy reviews her list of priorities in Iraq
» Between the past and the present...the history of car numbers in Iraq and their connection to politi
» The Defense Parliament demands the opening of a full investigation into the livelihoods of defense p
» Fears of procrastination regarding the evacuation of foreign forces from the country
» Condition of pledging not to act... releasing containers piled up in ports “that do not have an insp
» Government monitoring committees to “prevent the exploitation of tourists” in Kurdistan
» Parliament reveals the reasons for not recognizing private universities and colleges in the Kurdista
» 4 important files in an Iraqi governorate receive “direct directions” from Al-Sudani
» Parliament hints at a “revolution” in implementing laws in the new legislative term
» The dollar continues to fly in Baghdad markets
» Oil confirms the supply of electricity with fuel to prepare energy and indicates a decline in “gas”
» Golden days for sellers...the recession hits the “Eid sacrifices” market in Diyala and the prices ar
» “Iraq in a Minute” is a tour of the latest developments today
» Officially... Iraq is removed from the list of using children in armed conflicts
» An economist explains the causes of the housing crisis and confirms: New cities are the solution to
» Al-Mandalawi congratulates the journalistic family on the anniversary of Iraqi Press Day
» Judge Hanoun appreciates the role of the Iraqi press in exposing corruption files
» Iraqis resort to “gold bullion” instead of money, and the banking system is dying
» Iraq signs an agreement with "IFC" to develop the stock market
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to about 8 billion
» Abu Ragheef: The international community and the regional environment are monitoring the Iraqi polit
» Rafidain Bank begins deploying ATMs in its main branches
» Masrour Barzani and Bagheri stress the development of trade and economic relations between Iraq and
» Al-Sudani: Some parties sought to use the name of the PMF to carry out what deviates from its duties
» The Financial Supervision Authority announces the development of a systematic plan to complete the f
» The Minister of Electricity praises the signing of the financing agreement to connect the Gulf syste
» OPEC Secretary General: We do not expect demand for oil to reach its peak in the long term
» The House of Representatives sends the decision to approve the budget schedules to the Presidency of
» Electricity grants branch managers of distribution companies the authority to purchase transformers