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Economist expects higher inflation due to the increase in food prices


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#1 k98nights

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Posted 19 March 2012 - 05:11 AM

Date: Monday 19/03/2012 13:53

Baghdad (news) .. Expect a specialist in economic affairs Dargham Muhammad Ali high rates of inflation for the month, due to the increase in food prices during the current period, especially the price of vegetables and fruits.
said Mohammad Ali (of the Agency news) said on Monday: There is preventing full import outside of the vegetables and fruits by the Ministry of Agriculture under the pretext of supporting the local product, which led to increases in food prices in local markets, adding that the Ministry of Agriculture has remained silent in front of these elevations, indicating they did not know what is happening in Alosouk local communities.
He called for: the need to reduce the import outside of the vegetables and fruits rather than complete prohibition , and that the process is for a limited period until the entry into force of stock local food, as it would hurt the Iraqi economy in terms of high rates of inflation in the country. He favored the competent economic affairs: the increase of inflation rates during this month, in contrast to the previous months in the event of continuing the State and the Ministry of Agriculture to prevent the import external food and work to reduce their prices in local markets. This may be seen in the domestic market, a big increase prices of food, especially vegetables and fruits as a result prevent the Ministry of Agriculture to import these materials from abroad to support the local product. / Finished / 8. d. Q /

http://ikhnews.com/n...n=view&id=36500
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#2 DEESEAN

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Posted 19 March 2012 - 05:14 AM

OHHHH BOY, Shabs hates that inflation...... Guess your gonna have to RV to fix these problems..... They have to be running out of bandaids by now. :P
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#3 krome2ez

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Posted 19 March 2012 - 05:16 AM

OHHHH BOY, Shabs hates that inflation...... Guess your gonna have to RV to fix these problems..... They have to be running out of bandaids by now. :P

:lol: :lol: Hope your right.
Thanks for the post K98.
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#4 brbrlocke

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Posted 19 March 2012 - 05:58 AM

OHHHH BOY, Shabs hates that inflation...... Guess your gonna have to RV to fix these problems..... They have to be running out of bandaids by now. :P

If not those poor people will be eating twigs and leaves if they aren't already.
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In life you can absolutely count on one thing, - everything can turn around in one day, in one minute sometimes. Don't you dare to give up, - you might be a moment away from a windfall.

#5 Carrello

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Posted 19 March 2012 - 06:11 AM

It sounds to me, and I just got my first cup of Java here at 5:00 am, that Agriculture is putting stops in to force the Iraqis to buy Iraqi produce to drive up the demand, in order to drive up production, and drive down price. The new tariffs go into effect on June 1, and the price for imported goods will go higher. In order for this program to take place, the supply and demand will have to adjust to consumption and production, but once production increases, it price and inflation should level out.
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#6 DEESEAN

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Posted 19 March 2012 - 06:15 AM

It sounds to me, and I just got my first cup of Java here at 5:00 am, that Agriculture is putting stops in to force the Iraqis to buy Iraqi produce to drive up the demand, in order to drive up production, and drive down price. The new tariffs go into effect on June 1, and the price for imported goods will go higher. In order for this program to take place, the supply and demand will have to adjust to consumption and production, but once production increases, it price and inflation should level out.



I agree Carello they could do all this and help their economy in a way that will take a little bit of time but it will be don right....... oooooooor they can go ahead and RV for all of us to help their selfes out... :D

Just kidding but i do agree with you.
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