High rates of inflation in Iraq 7.8%

[alan_coaks_3]

5 - 12 - 2012

Baghdad: the planning Ministry announced dinars higher inflation indicators for the month of April last (1%) In comparison with the previous month. With the annual inflation index for the period from April 2011 through April 2012 (8.7%). the Ministry attributed in a press release issued by the information Office of the reasons for the high annual inflation to higher prices for food section and non-alcoholic beverages with markedly total (13%) As a result of higher prices of vegetables ... As well as the high proportion of housing section asaa (7.9%) From rising prices of residential rents by (14%) The Ministry statement said the Central Bureau of statistics, the inflation report was completed for the month of April 2012 based on field data collection on prices of goods and services components of consumer basket sample selected sales outlets in all the governorates of Iraq. The results showed that: first: indicators of consumer price indices at the level of the overall index reached Iraq for consumer prices (142.4%) In April 2012 registered a rise of 1.1% for the month preceding rate rate of 8.7% compared with April 2011 results showed by section:-1. Department of food and non-alcoholic beverages:-this section higher prices during the month of April 2012 at a rate of 1.0% compared with the previous month, as a result of higher prices in the region of Kurdistan, at a rate of 1.9% in the Center at a rate of 0.1% in the South at a rate of 2.1%, the main reason for the high price of this section on the level of Iraq owing mainly to higher vegetable prices. This prices soaring section 13.3% compared to prices in April 2011. 2. alcoholic beverages and tobacco: price recorded in Iraq this month declined at a rate of 0.5% compared to the previous month, as a result of lower prices in the South at a rate of 1.5%, while stabilized in both Northern and central regions. Section prices rise 3.9% compared to prices in April 2011. 3. clothing and footwear: prices recorded in Iraq rose during the month at a rate of 0.2% compared with the previous month, as a result of higher prices in the Center at a rate of 0.4% in the South at a rate of 0.3%, while dropping in Kurdistan at the rate of 0.6%. Prices of this section 7.3% higher rate compared to prices in April 2011. 4. housing:-section: this section-prices rise during the month at a rate of 2.2% compared to the previous month, as a result of higher prices in the Center at a rate of 1.6%, and in the South at a rate of 4.8% while in Kurdistan at the rate of 0.1%. Section prices rise rate 9.7% compared with prices in April 2011 because of rising prices for rents aldoralsknet average 14.1%. Subset of fuel (gasoline, oil and gas) for the subset of fuel (gasoline, oil, gas) prices have seen a decline during the month of April 2012 at a rate of 1.2% compared with the previous month due to low prices in the region of Kurdistan, at a rate of 6.1% in Central region at a rate of 0.6% and in the South at a rate of 0.4%. Lower prices this series at a rate of 0.7% compared to prices in April 2011. 5. household furnishings and equipment section: prices recorded in Iraq rose slightly during the month at the rate of 0.1% compared with the previous month, as a result of higher prices in the region of Kurdistan, at a rate of 0.4% in the Center at a rate of 0.1%, while prices stable in the southern region. Section prices rise rate 2.7% compared to prices in April 2011. 6. health section:-price rise registered in Iraq this month at a rate of 0.4% compared to the previous month, as a result of higher prices in the region of Kurdistan, at a rate of 1.4%, both in the Centre and South at a rate of 0.2%. Prices soaring this section 7.4% compared to prices in April 2011. 7. transport section: prices recorded in Iraq rising at a rate of 0.3% compared to the previous month owing to high prices in the region of Kurdistan at the rate of 0.2%, and in the Center at a rate of 0.7%, while prices in the South at a rate of 0.2%. Lower prices this section at a rate of 2.5% compared to prices in April 2011. 8. section contact:-prices in Iraq registered a decrease of 0.4% during the month compared with the previous month, as a result of lower prices in the South at a rate of 1.2%, height in Kurdistan at the rate of 0.7%, while prices have stabilized in the middle. Prices this section 3.5% decline rate compared to prices in April 2011. 9. Leisure and culture section: prices recorded in Iraq decreased 0.2% during the month compared with the previous month, dropping prices in Kurdistan at the rate of 0.1% in the South at a rate of 0.7%, while prices have stabilized in the middle. This section prices decreased 0.8% compared to prices in April 2011. 10. education section: this section stable prices during the month compared with the previous month, due to a slight rise of prices in the region of Kurdistan by 0.1%, while prices have stabilized in the Centre and South. Prices this section 5.9% higher rate compared to prices in April 2011. 11. section restaurants:-price rise registered in Iraq during the month of 0.3% compared to the previous month owing to high prices in the Center at a rate of 0.7% and falling in the South at a rate of 0.3% while prices settled in the region of Kurdistan. Section prices rise rate 6.9% compared to prices in April 2011. 12. miscellaneous goods and services section:-price rise registered in Iraq this month at a rate of 0.3% compared to the previous month, as a result of higher prices in the region of Kurdistan, at a rate of 1.2% and the mean rate of 0.1% in the South at a rate of 0.3%. Higher prices this section 11.8% compared to prices in April 2011. 13. inflation (121.12%) Registered higher rate (1.0%) Previous month rate (6.7%) From April last year. Secondly: indicators of consumer price indices at the level of regions 1. Prices in the region of Kurdistan in April 2012 compared with the previous month, a rise of 0.7% was caused mainly by rising prices of food and non-alcoholic beverages at a rate of 1.9%, prices of household furnishings and equipment and maintenance at a rate of 0.4%, prices of health at a rate of 1.4%, transport prices at a rate of 0.2%, prices of call rate of 0.7%, prices of education at a rate of 0.1%, prices of goods and miscellaneous services at the rate of 1.2%. 2. in the mean prices in April 2012 compared with the previous month, a rise of 0.7% was caused mainly by rising prices of food and non-alcoholic beverages at the rate of 0.1%, the prices of clothing and footwear by 0.4%, prices of housing at a rate of 1.6%, prices of household furnishings and equipment and maintenance at a rate of 0.1%, prices of health at a rate of 0.2%, transport prices at a rate of 0.7%, prices of restaurant at a rate of 0.7%, prices of goods and miscellaneous services at the rate of 0.1%. 3. the prices recorded in the South in April 2012 compared with the previous month, a rise of 2.3% resulted mainly from higher prices of food and non-alcoholic beverages a rate of 2.1%, the prices of clothing and footwear at a rate of 0.3%, the prices of housing at a rate of 4.8%, prices of health at a rate of 0.2%, prices of goods and miscellaneous services at the rate of 0.3%.

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[skitealwedrop]

Inflation is our friend. Go inflation! The more pressure applied to Iraq the better. I believe that the GOI is at their crossroads. Let's see if they can get their **** together and do what is best for the Iraqi's. As always, I remain patient.

[uncirculd]

Our friend indeed. Our only friend.

[Butifldrm]

Honestly, it's probably higher than 8% JMO.