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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    3 fundamental reasons matched by many questions... Why did inflation decrease in Iraq during 2024?

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 274255
    Join date : 2012-12-21

    3 fundamental reasons matched by many questions... Why did inflation decrease in Iraq during 2024? Empty 3 fundamental reasons matched by many questions... Why did inflation decrease in Iraq during 2024?

    Post by Rocky Thu 13 Jun 2024, 4:10 am

    [size=35][size=35]3 fundamental reasons matched by many questions... Why did inflation decrease in Iraq during 2024?[/size]
    [You must be registered and logged in to see this link.]
    [/size]

    Economy

    [size][size]
    [You must be registered and logged in to see this link.][/size]
    2024-06-13 | 03:03
    [You must be registered and logged in to see this image.]
    [/size]

    Source:
    [You must be registered and logged in to see this link.]

    808 views


    Alsumaria News - Economy

    One of the most important economic standards that countries always take into account in determining their data because of its important role in drawing up the economic policy of the country is the monthly and annual inflation rates, which plays an important role in the overall daily life of the citizen and for the various economic sectors.


    [ltr]








    0 seconds of 0 seconds Volume 0%





     [/ltr]

    According to data from the [url=https://www.alsumaria.tv/entity/850900918/%D8%A7%D9%84%D8%AC%D9%87%D8%A7%D8%B2 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D9%84%D9%84%D8%A5%D8%AD%D8%B5%D8%A7%D8%A1/ar/]Central Bureau of Statistics[/url], annual inflation rates in [You must be registered and logged in to see this link.] decreased from 4.5% at the end of 2023 to reach 1.6% in March 2024, according to what was published by the head of the [url=https://www.alsumaria.tv/entity/2890607529/%D9%85%D8%A4%D8%B3%D8%B3%D8%A9 %D8%B9%D8%B1%D8%A7%D9%82 %D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84/ar/]Future Iraq Foundation[/url] for Economic Research and Consultation, [url=https://www.alsumaria.tv/entity/472379501/%D9%85%D9%86%D8%A7%D8%B1 %D8%A7%D9%84%D8%B9%D8%A8%D9%8A%D8%AF%D9%8A/ar/]Manar Al-Obaidi[/url], and reviewed by Al-Sumaria News.



    Al-Obaidi says that countries are actually seeking to reduce inflation rates according to their economic policies. Some countries are trying to target a fixed inflation rate that does not exceed or decrease from it, and some countries are looking for high inflation rates, especially producing countries, and they differ according to the economic policy of each country. As for [You must be registered and logged in to see this link.], there is no targeting. The inflation rates are clear except for one phrase mentioned in the strategic development plan that talked about keeping the inflation level below the level of 10%.

    He adds, the decline was not the result of a large increase in prices, but rather this decline is due to three basic factors that contributed to the inflation rates reaching these rates, which are considered among the The lowest levels of inflation in the world and in the [url=https://www.alsumaria.tv/entity/47078/%D8%A7%D9%84%D8%B4%D8%B1%D9%82 %D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7/ar/]Middle East[/url] region:

    * Change in the weights of goods.
    The process of determining inflation depends on determining a weight that represents the relative importance of each good, meaning that the importance of bread to the citizen is not the same as the importance of clothes, for example, so the weights vary according to the importance of the good.

     
    At the beginning of 2024, the [url=https://www.alsumaria.tv/entity/850900918/%D8%A7%D9%84%D8%AC%D9%87%D8%A7%D8%B2 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D9%84%D9%84%D8%A5%D8%AD%D8%B5%D8%A7%D8%A1/ar/]Central Bureau of Statistics[/url] changed the weights for each commodity, increasing the relative weights of some commodities, such as food, beverages, tobacco, education, and health, in exchange for reducing some of the relative weights of other goods and services, such as housing and transportation (which includes fuel, for which the price of improved fuel was raised in 2024) and household supplies. As shown in the table below,

    this change played an important role in reducing the inflation rate because some goods whose weights were increased did not increase much compared to those whose weights were reduced.

    *Changing the year of measurement.
    The year of measurement in which a standard price was set for each good or product was the year 2012. The year of measurement was changed to the year 2022, and the increase or decrease in the prices of goods and services became dependent on the standard prices in 2022 and not 2012. This change greatly affects the percentages. Inflation in a way that reduces inflation rates.

    * Decrease in prices:
    Decrease in the prices of some foodstuffs, such as bread, dairy, fruits, and drinks, which now represent approximately 31% of the total inflation calculation, and thus their decrease or increase played a fundamental role in determining inflation levels. Therefore, general inflation decreased to reach 1.6%, while core inflation It reached 2.7%.

    According to Al-Obaidi, these changes raise a group of questions, including: Why were major changes made, whether at the level of weights or at the level of the base year, in 2024, and in a critical period where there are radical changes in monetary policy and fiscal policy? And why was the year 2022 adopted as a measurement year, and was it really Is it suitable to be a year of measurement, especially since it is a year that comes after the Corona crisis, in which the world witnessed global inflation of various commodities, and it was not a year of global stability?

     
    The head of the [url=https://www.alsumaria.tv/entity/2890607529/%D9%85%D8%A4%D8%B3%D8%B3%D8%A9 %D8%B9%D8%B1%D8%A7%D9%82 %D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84/ar/]Future Iraq Foundation[/url] for Economic Research and Consultation explains that what we aspire to is for the data issued by various official bodies to be highly reliable and in line with the reality of the situation in order to formulate economic policies based on analyzing the gap between what is currently on the ground and what is currently in place. The target value, indicating that no one can imagine the reaction of any citizen when you inform him that prices have risen by only 1% compared to the previous year, and I do not think that anyone is interested in beautifying the picture, but everyone is waiting for the picture to be shown as it is and to find the correct solutions to this picture.

    [You must be registered and logged in to see this link.]

      Current date/time is Mon 22 Jul 2024, 11:33 pm