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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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    Al-Kadhimi raised it and Al-Sudani lowered it.. Inflation in Iraq from explosion to recession - Urge

    Rocky
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    Al-Kadhimi raised it and Al-Sudani lowered it.. Inflation in Iraq from explosion to recession - Urge Empty Al-Kadhimi raised it and Al-Sudani lowered it.. Inflation in Iraq from explosion to recession - Urge

    Post by Rocky Fri 09 Aug 2024, 5:02 am

    Al-Kadhimi raised it and Al-Sudani lowered it.. Inflation in Iraq from explosion to recession - Urgent
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    Baghdad Today - Baghdad 
    Today, Friday (August 9, 2024), economic expert Nabil Jabbar Al-Tamimi commented on the inflation rate in Iraq and the possibility of working to reduce that rate, while identifying the party responsible for its rise and fall.
    Al-Tamimi said in an interview with Baghdad Today, "Internal and external reasons during the years 2021 and 2022 led to the highest levels of inflation in Iraq during the past ten years, until the annual inflation rate approached 9 percent and perhaps more."
    He explained that "the policies of the previous government and the Central Bank administration had a major role in raising inflation in Iraq because the two previous administrations raised the dollar exchange rate and printed large amounts of currency, while the external reasons were related to global inflation and the rise in commodity prices."
    Al-Tamimi added, "Al-Sudani's government and the new administration of the Central Bank worked on policies aimed at reducing inflation, and indeed the Central Bank was able to reduce the exchange rate and restrict the printing of money, which led to a decrease in inflation levels and a return of prices to approximately pre-2020 rates, and the current rate is almost normal and not within the dangerous stages."
    Earlier, the Iraq Future Foundation for Economic Studies and Consultations announced that the annual inflation rate rose by 3.4% in May 2024 across Iraq, according to inflation data issued by the Central Statistical Organization.
    The institution stated in its report that the annual inflation rate in the Kurdistan Region reached 5.34%, while the inflation rate in the central governorates reached 2.25%, and the inflation rate in the southern governorates reached 2.6%.
    According to the report, the highest price increases were in electricity, which rose by 45.47%, cigarettes by 23.7%, fish by 14%, entertainment services by 12.9%, and meat by 10.39%.
    The institution also indicated that dairy products, oils, fruits and vegetables witnessed a decrease in inflation rates in all Iraqi governorates.
    The inflation index is one of the most important economic indicators that illustrate the impact of various economic activities occurring in the country, which require continuous monitoring and auditing by various regulatory bodies to adopt accurate and correct data that reflects the true reality of economic events occurring in Iraq.
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