Home
The lowest in 4 years.. The annual inflation rate in Iraq decreases
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this image.]
+A
-A
Baghdad Today - Baghdad
Economic expert, Munar Al-Abidi, revealed today, Wednesday (October 30, 2024), that the annual inflation rate in Iraq has decreased, indicating that this will lead to a decrease in the value of the dollar against the dinar in the coming months.
Al-Obaidi said in an interview with Baghdad Today, "The annual inflation rate for September 2024 reached 3.1%, which is the lowest inflation rate recorded during the past four years from 2021 until this year, and the inflation rate for food commodities reached about 4.4%."
He added, "Many believe that these inflation rates may be inaccurate, but by analyzing the data, this rate is very close to reality, as it must be taken into account that measuring the level of inflation depends on all Iraqi governorates, and that the weights of goods differ according to their importance, and therefore the inflation rate of 3.1% is considered close to reality."
Al-Obaidi explained that "this decline in inflation rates reflects the decline in the impact of the parallel exchange rate on the prices of goods and services, and that the provision of imported goods has become more dependent on the official dollar, and this may lead to a decline in demand for the dollar in the parallel market and consequently a decrease in its value against the dinar in the coming months."
He explained that "regardless of the exchange rate in the parallel market, maintaining inflation rates below 4% means a significant decline in the influence of the parallel market and that the transfer and trade process has become more organized and more acceptable to traders."
[You must be registered and logged in to see this link.]
» Central Bank Governor reveals important figures about Iraq's economy and foreign reserves
» utube 10/29/24 MM&C MM&C News Report on Iraq Dinar-2024 Budget Focus-Oil & Gas Export Ceyhan Port-
» utube 10/28/24 MM&C News Reporting-Politics-Financial Reform-Billions Lost-P
» utube 10/31/24 MM&C MM&C News Reporting-Security & Stability-Sinjar Allocations-Unprecedented Develo
» Al-Mashhadani awaits the wrestling ring between Halbousi, Al-Issawi and Al-Khanjar
» MP identifies 3 options for Sunni forces to elect Parliament Speaker
» Parliamentary Committee: The region continues to smuggle 300,000 barrels of oil per day
» Al-Mandlawi calls on MPs to attend the session to elect the Speaker of Parliament
» Political concern and parliamentary fear of the failure of the House of Representatives to choose it
» The Democratic Bloc confirms that it will go with the Sunni majority to vote for the Parliament Spea
» Masoud Barzani sets out principles for forming new Kurdistan Regional Government
» Hours before the session... Sovereignty decides its position and "accepts" Al-Mashhadani as Parliame
» The President of the Kurdistan Region issues a decision to establish three districts in Dohuk
» Supreme Council for Youth: We are about to launch 10 new programs
» Minister of Health: 19 contracts signed with “Private Wings”
» Transport begins unifying Green Bird models
» $6 billion is the volume of trade exchange between Iran and the Kurdistan Region
» After years of controversy, Iran lifts the ban on iPhone customs
» Environment: We have not yet controlled waste burning sites and landfill sites
» Baghdad.. The exchange rate recorded 151250 dinars per 100 dollars
» Iraq.. 31 modern aircraft until 2027 and a move to lift the European ban
» IMF expects non-oil sector growth in Gulf to continue
» Al-Sudani: The language of numbers proves the government's success
» On the road to development
» UNESCO to {Sabah}: We support Iraq's moves to include new sites on the heritage list
» Minister of Health to {Sabah}: Two million employees and citizens are covered by social security
» Baghdad Municipality to {Sabah}: Measures to reduce environmental pollution
» Baghdad hosts today the quadripartite meeting of the {Development Path}
» Al-Najjar: Continuous efforts to improve the investment climate
» With the participation of 15 Arab and foreign countries, a great turnout for the activities of the E
» The private sector has begun a new phase
» Reactivation of securities
» Challenges and opportunities
» Call to establish a digital gold market in Iraq
» Newspapers follow the session to choose the parliament speaker and the four-party meeting on the dev
» Basra Gas Company launches the (Salamtak 24) project to enhance traffic culture among students
» The Arab League holds an extraordinary session today to discuss the response to the occupation's dec
» Al-Mandlawi stresses the necessity of deciding on the election of a new Speaker of the House of Repr
» The Permanent Joint Water Committee between Iraq and Turkey holds its third meeting in Ankara
» Expert reveals indications of the failure of the session to elect the Speaker of Parliament today -
» The lowest in 4 years.. The annual inflation rate in Iraq decreases
» Ministry of Transport strengthens Iraqi Airways fleet as part of steps to lift European ban
» Al-Sudani discusses security and military cooperation with NATO
» Al-Mandlawi stresses the necessity of deciding on the election of a new Speaker of the House of Repr
» Regional elections: confusing results and questionable integrity
» Nechirvan Barzani: Iraq lost $15 billion due to the suspension of oil exports from the Kurdistan Reg
» Al-Sadr expels armed supporters...and today Parliament chooses its speaker
» Unplanned Transformation: Iraq’s Decision to Rely on Gas Plants Threatens Energy Future!
» “Corruption corridors”: How do government institutions in Iraq waste public money and hinder develop
» General Amnesty Law.. Will it turn into a mirage in light of political conflicts?
» Calls to increase housing fund funding to $1 billion to meet citizens’ needs
» After the angry environmental statement and the polluted morning.. Baghdad operations remove burning
» Hours to End the "Crisis of the Year"... Political Positions and Scenarios for the Parliament Speake
» The "Freedom of Expression" Law is Submitted to the Parliament Presidency.. What about "Enforced Dis
» Messages from Al-Mandlawi to political forces and representatives before today's session
» Morning list of dollar exchange rates in Iraq
» Al-Alaq: The volume of currency in circulation exceeds 100 trillion dinars.
» Iraq’s unemployment rate fall to 14.4%
» utube 10/26/24 MM&C News Reporting-Iraqi Dinar-Article 140-Budget Tables- Final Accounts
» MM&C 10/30/24 The Central Bank republishes controls for declaring funds and bringing them in or out
» “Solarizing” government buildings project.. 90 billion dinars for systems that do not meet 1% of ins
» Parliament expects and is not sure.. Ambiguity about the date and details of the 2025 budget schedul
» Experts: Lack of justice in wealth distribution exacerbates poverty in Iraq
» "Corruption corridors"... How do government institutions in Iraq waste public money and hinder devel
» Pavel Talabani: We ended the authoritarian regime in the region
» Foreign remittance sales increase by 99% at the Central Bank of Iraq auction
» New gas production licensing round
» Parliamentary Culture Praises the Performance of the Iraqi Media Network
» Al-Sudani: The language of numbers proves the government's success
» Launching the real estate developer project in Wasit
» Approval of a package of strategic projects in Babylon
» Planning: Completion of 99% of numbering and inventory operations in 15 governorates
» Human Rights: A Study to Find Solutions to the Slums File in the Country
» Government interest develops the financial sector
» Iraqi investment market
» International partnerships within the Iraqi labor market
» Spotlight on BRICS Summit 2024
» Al-Najjar: Continuous efforts to improve the investment climate
» Stopping electronic payment in Baghdad and returning to cash deduction
» Iraqis among few people in the world who prefer Trump to Harris
» Mr. Al-Hakim: Unprecedented development and stability in Iraq, and the Kurdistan elections expressed
» Emaar unveils 3 new residential cities
» With documents.. Shaddad submits five inquiries to the Ministry of Oil about the contracts of the fi
» Economist: Political blocs and figures behind the rise in the dollar exchange rate
» MP: Parliament presidency file to be resolved during Thursday's session
» Basra Gas: We are working to restart the main production line as soon as possible
» To create job opportunities.. The government continues to improve the investment climate in Iraq
» The government is satisfied with forming committees.. Kurdish bloc condemns the violation of Iraqi s
» Legal Committee: We reject including terrorism and financial corruption in the general amnesty
» Due to political bickering, parliament fails to pass important laws
» Baghdad is the second most polluted city in the world according to the World Quality Index
» Justice completes work on the electronic documentation system in all notary public departments in Ba
» Kurdish politician warns of new crisis in region that will delay government formation
» Al-Lami: Judicial authorities continue to investigate money theft files and hold corrupt people acco
» Away from the bidding.. Parliamentary Finance Committee calls on the government to prepare realistic
» Al-Salihi reveals the reasons for postponing the voting session on the Personal Status Law
» Legal: What Türkiye is doing in the north represents a declaration of war on Iraq
» Development Bank: The volume of growth in trade exchange between Iraq and the Emirates reached 41%