Iraq Economy: January Inflation Index Up by 4 pct

Posted: February 14, 2014 in Iraqi Dinar/Politics

Wednesday February 12, 2014 15:41

The Ministry of Planning and Development Cooperation, Wednesday, for a rise in annual inflation index by 4%, indicating that inflation month of January last also rose by 1.4%. said ministry spokesman Abdul Zahra al-Hindawi said in an interview for “Alsumaria News “,”

The Central Bureau of Statistics of the Ministry of Planning completed the inflation report for the month of January 2014 on the basis of field data collection for prices of goods and services components of the consumer basket of selected sample of sales outlets in all governorates of Iraq, “noting that” these rates are calculated from the goods and services which include food, rent, transportation, communications, health, education and other than Iktnyh consumer. ”

Hindawi said that “indicators of annual inflation rose to a record 4% as a result of the high prices of some materials, especially food, which amounted to 9% at the level of Iraq, in addition to the rise in the housing department,” he said, adding that “Index Department of Food and housing is still significantly affects the high and low inflation.”

confirmed Abdul-Zahra that “monthly inflation for January last seen a rise also by 1.4%.” It is noteworthy that the Central Agency for Statistics and Information Technology, specialized operations Census various nationwide , and most important work to do censuses of population and housing, and to do statistical operations on all areas (agricultural, industrial, etc.), in addition to the collection, consolidation and preparation, analysis and summarize the results of statistical operations in whole or in part.

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