ECONOMIC DATA Change on CBI Site

[fnbplanet]

ECONOMIC DATA 4/21/2012

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Feb 2012 6.30%

Inflation (YoY): Feb 2012 5.73%

M2 growth (YoY): Jan 2012 14.8%

2012 Forecasts

GDP - real growth rate 11.1%

Budget deficit/GDP 10.0%

Current account surplus/GDP 9.1%

Net foreign reserves $60B

ECONOMIC DATA 4/24/2012

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Apr 2012 6.71%

Inflation (YoY): Apr 2012 8.70%

M2 growth (YoY): Feb 2012 18.0%

2012 Forecasts

GDP - real growth rate 11.1%

Budget deficit/GDP 10.0%

Current account surplus/GDP 9.1%

Net foreign reserves $60B

[yota691]

Thanks fnb

[KamelKeeper]

Good morning fnbplanet. How's your frittata?

Thanks for the info. Numbers don't lie, well, unless you have two sets of books.

Edited May 24, 2012 by KamelKeeper

[Shelley]

Good morning FNB Thanks for the info

[Stryker365]

Averageinflation calculation;

Feb……5.73 %

April….8.70 %

=………14.43 %

Divide by 2to get March estimate according to these numbers

March..7.215%

Delta of…1.485%....average increase per month…..

Using thedelta it would be far to say that end of May would be 10.785 %

They need toRV very soon to keep this number from showing up IMO

Even if they have slowed inflation down it can’tbe by much…..

[fnbplanet]

Hey there. I'm still around. I didn't think many would notice these numbers, thought I'd keep you up to date.

[bamagirl]

Thanks fnb, for posting and catching the things most of us look over... have a great day all!!

[zigmeister]

I would not doubt CBI has two sets of books. Thanks fnbplanet, overall inflation is still on the prowl, and it is a good thing. Its gone up 3% since Feb. That is pretty large jump for what 3 months? I noticed the M2 has also risen by quite a bit.

[unirod]

I'm ready for the interest on my savings accounts to be increased starting in June. Also in eager anticipation for my interest payment to be added to my savings accounts in Iraq to be credited in June. I'm still making money!!!

[fnbplanet]

I would not doubt CBI has two sets of books. Thanks fnbplanet, overall inflation is still on the prowl, and it is a good thing. Its gone up 3% since Feb. That is pretty large jump for what 3 months? I noticed the M2 has also risen by quite a bit.

Remember, these numbers are a comparison to the previous year. If last year's figures for the time period went down, these would seem inflated. If they went up, these would show an "underestimation". I used to have those numbers, but lost them when my laptop croaked. Please note that they "skipped" March in their reporting from only one month ago.

Edited May 24, 2012 by fnbplanet

[TonyDownTheShore]

Averageinflation calculation;

Feb……5.73 %

April….8.70 %

=………14.43 %

Divide by 2to get March estimate according to these numbers

March..7.215%

Delta of…1.485%....average increase per month…..

Using thedelta it would be far to say that end of May would be 10.785 %

They need toRV very soon to keep this number from showing up IMO

Even if they have slowed inflation down it can’tbe by much…..

Hey Stryker, good to see you posting again, thanks fnb for the post, it looks like inflation is catching up to them very quickly.