Chart: inflation rates for June and July stood at 2% and the budget did not affect the market

[k98nights]

Chart: inflation rates for June and July stood at 2% and the budget did not affect the market

2014/09/01 11: 41

Deputy Minister of planning Mahdi Al-Alaq

Range press/Baghdad

The Iraqi planning Ministry announced Monday, not registered any rise in inflation despite the situation in Iraq, noting that the inflation rate reached 2%, confirmed that the delay in releasing the budget did not affect the domestic market.

He said Undersecretary of planning Mehdi Al-allaq told the (long press), said that "at a time when many had expected inflation in Iraq for the months of June and July the last two between monitor consumer price figures that inflation in the previous level and only 2%".

He attributed this Alaq stability in inflation rates "actions taken to open border crossings and expansion of reception of the goods by the multiplier effect of the flow of goods and higher prices."

He continued that "the delay in releasing the budget fiscal year 2014, did not affect the domestic market," Noting that "private sector and market movement continues, and there is no problem there."

The planning Ministry said that his Ministry was looking forward to the release of the budget in the fastest time, for ministries to implement their projects ".

The Union of banks of Arabic in Beirut suggested, (14 April 2014), move the "frozen" sums in good banking and Mesopotamia and which exceed the 78 billion dollars to resolve many of the problems highlighted by the "housing problem" by "lending", said that the amounts "parked" in banks will cause problems of "inflation" and lack of investment.

The economic analyst affirmed Australian, (February 8, 2014), that Iraq needs a "long list" of projects to develop the projects needed for the reconstruction of Iraq, with the largest growth rate of greater than balance over $ 50 billion.

The IMF warned that Iraq would face inflation if spending plans "for 2014, stating that" feet ", the infrastructure of the oil production and export" impedes "the construction process in Iraq.

http://www.almadapress.com/ar/news/36150/%D8%A7%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7-%D9%85%D8%B9%D8%AF%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%B6%D8%AE%D9%85-%D9%84%D8%AD%D8%B2%D9%8A%D8%B1%D8%A7%D9%86-%D9%88%D8%AA%D9%85%D9%88%D8%B2

[staunch]

Is this the same inflation rate that certain individuals have been touting "is completely out of control"?

Psshh.......

[sandfly]

THANKS