Iraq .. annual inflation rises to 5.3 percent

Iraq .. annual inflation rises to 5.3 percent

In comparison to what it was in September of previous year, the annual inflation rate climbed by 5.3%.
“The monthly shift in inflation is due to the increase in the department of non-alcoholic food and beverages by 1.6%, compared to the decline in the apparel and shoes sector, by 0.7%,” the speaker said.
He pointed out that “the housing department decreased by 1 percent due to the low water and electricity supplies by 5.

“Noting that” the Department of Equipment and Home Equipment registered a growth of 0. 2 percent, while maintaining the health and tobacco section, the fuel group decreased by 0. 5 percent and the subscription wages for generators decreased by 1.0%. on the same level as August of the prior year.”
Al -Hindawi stated that “other sections recorded a slight increase in their rates during the month of September, including the transport department, which increased by 0.

1 percent, the Department of Communication increased by 0. 2 percent, the Department of Entertainment and Culture increased by 0. 8 percent, the Department of Education increased by 0. 2 percent, and the same. The ratio increased in the hotel and restaurant sector.”
He stressed that “the department of various goods and services recorded a decrease of 0.

According to the Central Bureau of Statistics, “a number of goods lost in the markets have been updated to increase the accuracy of indicators, as well as the mechanism of calculating the rental methodology in the housing department, And update car prices in the transport department, phone, and computers.

It is noteworthy that the International Monetary Fund’s most recent forecasts show that the Iraqi economy will develop at an accelerated rate of 9.3% at the end of this year, placing it at the top of the Arab economies.

Iraq’s yearly inflation rate has increased to 5.3%.

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