Planning announces rise in annual inflation index in Iraq by 8.3%

[yota691]

Planning announces rise in annual inflation index in Iraq by 8.3%

4/14/2012 | (Voice of Iraq) - Add Comment - Sumerian News / Baghdad announced the Ministry of Planning and Development Cooperation of Iraq, Saturday, a high index of annual inflation in Iraq, by 8.3% and attributed the reason because of the high prices of food and non-alcoholic beverages increased by 13.2% , while confirming that the monthly inflation rate for the past month rose is the other 1.7%. A spokesman for the Ministry Abdul-Zahra al-Hindawi said in an interview for "Alsumaria News", "Central Bureau of Statistics of the Ministry of Planning completed inflation report for the month of March through the collection of data field on the prices of goods and services comprising the consumer basket of a selected sample of outlets in all governorates of Iraq, "noting that" these rates are calculated from the goods and services including food, rent, transport and communications, health, education and others. " said Hindawi that "indicators of annual inflation for the period of the month March 2011 to March of this year, 2012, had risen by 8.3%, "attributing the cause of it," to higher prices for Department of Food and non-alcoholic beverages increased by 13.2% compared to prices in March 2011. " The Hindawi that "the Department of Food and non-alcoholic beverages registered an increase during the month Last March, a rate of 5.5% compared to the previous month, "pointing out that" the inflation indices for the month of March rose is the other also slightly by 1.7% compared to last February of this year. " The Ministry of Planning has, in the last March, a rise in inflation Annual February rate of 7.5%, compared to February of 2011, also showed high inflation for the month of February in 2012 by 0.7% compared to January of 2011. and the Central Bureau of Statistics and Information Technology, during the last January, it will begin using automation in collection of various prices and times of a specific time, rather than paper form in place earlier, emphasizing that it will contribute to the speed of price collection, accuracy, and correct calculation in case of errors. The Central Bureau of Statistics and Information Technology, specialized operations statistics different at the level of the country, and the most important to the realization of the general census of population and housing, and to do statistical operations on all areas (agricultural, industrial and other), in addition to the collection, consolidation and preparation, analysis and summarize the results of statistical operations in whole or in part.

Read more: http://www.sotaliraq.com/business.php?id=6415#ixzz1s6qtm8rq

[jeepguy]

WOW they are really getting hit hard with the percentage of inflation ,,, in the last few months i always thought their inflation was in the lower 20`s ,,, and they were fudging on the numbers ,too the news media,,, seems like they are getting back too the 20`s number again ,,,, sounds like the really need a cash crop too move out of iraq !!! { wait a second isn`t oil a cash crop?? }

[onerighthand]

WOW they are really getting hit hard with the percentage of inflation ,,, in the last few months i always thought their inflation was in the lower 20`s ,,, and they were fudging on the numbers ,too the news media,,, seems like they are getting back too the 20`s number again ,,,, sounds like the really need a cash crop too move out of iraq !!! { wait a second isn`t oil a cash crop?? }

Not a cash crop cuz it don't grow on treez