The Ministry of Planning announces a high inflation rate during the month of April

[yota691]

After changing the exchange rate, the inflation rate rose by 3.3%

13:30 - 24/01/2021

 

  

The information / Baghdad ..
The Central Bureau of Statistics of the Ministry of Planning released its qualitative report for the Consumer Price Index for the month of December of 2020, which is the first report issued by the agency after changing the exchange rate.
The official spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in a statement that the information received, a copy of it, that “the report showed an increase in inflation indicators for the month of last December by (3.3%), compared to the previous month, while the annual inflation rate increased compared to December 2019 by (3.2%) affected by the change in the dollar exchange rate.
Al-Hindawi added, "The prices of the tobacco section increased by (10.1%) due to the increase in the prices of imported cigarettes, and the health department also recorded an increase in its prices, which reached (8.8%), and the prices of the entertainment section increased by (7.5%) due to the high prices of reception equipment and pictures. Such as televisions, cameras and computers. The transportation department also registered an increase by (7.2%), due to the high prices of cars, especially private cars, as well as the increase in the prices of bicycles and the prices of spare parts such as tires and batteries.
He explained, "The prices of the goods and services section increased by (4.9%), as a result of the rise in gold prices throughout IraqThe prices of the household equipments, equipments and maintenance section also recorded an increase by (3.7%) due to the increase in the prices of the household appliances and the furniture group, while the prices of the housing section increased by (3.2%), as a result of the increase in the prices of the water and electricity supply group, and the increase was concentrated in The generators ’subscription fees, while the rate of increase in the prices of the call section was (3%) due to the increase in the prices of mobile phones, and the Food and Non-Alcoholic Beverages Department recorded a slight increase of (0.5%), due to the increase in the prices of the batches of bread, grains, meat, fish, milk, cheese, eggs, and oils Sugar, non-alcoholic beverages.
Al-Hindawi pointed out to "the increase in the base inflation rate during the month of last December by (4%), compared to the previous month of November, while the annual base inflation rate recorded an increase of 4.2% compared to the same month of 2019." End / 25

[yota691]

Planning announces an increase in the inflation rate for the past month, by 3.3%

 

money and business Economy News _ Baghdad The Central Bureau of Statistics of the Ministry of Planning released, on Sunday, its qualitative report for the Consumer Price Index for the month of December of 2020, which is the first report issued by the agency after changing the exchange rate. The official spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in a statement received by "Al-Eqtisad News", that "the report showed an increase in inflation indicators for the month of December by (3.3%), compared with the previous month, while the annual inflation rate increased compared to the month of January. The first of 2019, by (3.2%), affected by the change of the dollar exchange rate. He added that "the prices of the tobacco section increased by (10.1%) due to the increase in the prices of imported cigarettes, and the health department also recorded an increase in its prices, which reached (8.8%). "TV, cameras and computers. The transportation department recorded an increase of 7.2%, due to the increase in car prices, especially private cars, as well as the increase in the prices of bicycles and the prices of spare parts such as tires and batteries." And Al-Hindawi continued, "The prices of the goods and services section increased by (4.9%), as a result of the rise in gold prices throughout Iraq, and the prices of the household equipment, equipment and maintenance section recorded an increase of 3.7% due to the increase in the prices of the home appliances and furniture group. As for the prices of the housing section, they increased by (3.2%), as a result of the increase in the prices of the water and electricity supply group, and the increase was concentrated in the section of the generator subscription fees, while the rate of increase in the prices of the call section was (3%) due to the rise in the prices of mobile phones, and the food department recorded And non-alcoholic drinks increased slightly (0.5%), due to the increase in the prices of bread, grains, meat, fish, milk, cheese, eggs, oils and sugar, and non-alcoholic beverages. At the same time, he pointed out, "the increase in the core inflation rate during the month of last December by (4%), compared to the month of November that preceded it, while the annual base inflation rate recorded an increase of (4.2%) compared to the same month of 2019."

Number of observations 46   Date added 01/24/2021

[yota691]

The high rate of inflation in Iraq during December affected by the exchange rate change

Vegetable market in Iraq - archive

 January 24, 2021 02:12 PM

Mubasher: The Central Bureau of Statistics of the Iraqi Ministry of Planning released today, Sunday, its qualitative report for the Consumer Price Index for December 2020, which is the first report issued by the agency after changing the exchange rate.

 

The official spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said that the report showed an increase in inflation indicators for the month of December by 3.3% compared to the month of November the previous year.

The annual inflation rate increased, compared to December 2019, by 3.2%; Affected by the change of the dollar exchange rate. 

On December 19, 2020, the Central Bank of Iraq announced the amendment of the exchange rate of the dollar as for the Iraqi dinar from 1190 dinars per dollar to 1450 dinars per dollar as the purchase price of foreign currency from the Ministry of Finance, and 1460 dinars per dollar as the selling price of foreign currency to banks, and finally 1470 Dinars per dollar as the selling price of foreign currency to the public.

Al-Hindawi added that the prices of the tobacco section increased by 10.1%. Because of the high prices of imported cigarettes, the Health Department recorded an increase of 8.8%, and the entertainment section's prices increased by 7.5%; Because of the high prices of reception and photo equipment such as televisions, cameras and computers.

The Department of Transport registered an increase of 7.2%; Because of the high prices of cars, especially private cars, as well as the high prices of bicycles and the prices of spare parts such as tires and batteries.

The spokesperson for the ministry indicated that the prices of the goods and services section recorded an increase of 4.9%. As a result of the rise in gold prices throughout Iraq, the prices of the Department of Household, Equipment and Maintenance also recorded an increase of 3.7%; Because of the high prices of the home appliance and furniture set.

The housing section prices increased by 3.2%; As a result of the increase in the prices of the water and electricity supply group, and the increase was concentrated in the section of the generator subscription fee, while the percentage increase in the prices of the communication department was 3% Because of the high price of mobile phones.

The food and non-alcoholic beverages division registered a slight increase of 0.5%; Due to the high prices of bread, grains, meat, fish, milk, cheese, eggs, oils and sugar, and non-alcoholic beverages. 

Al-Hindawi pointed out that the core inflation rate increased by 4% during the month of December 2020, compared to the previous month of November, while the annual base inflation rate increased by 4.2% compared to the same month of 2019.

[yota691]

Ranged in the range of 3%

Planning Announces the proceeds of the price differences after adjusting the dollar exchange: Food is less expensive

2021.08.24 - 13:08

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Baghdad - people  

The Ministry of Planning confirmed, on Sunday, an increase in the rate of inflation during last December by 3.3%, in conjunction with the changes in the dollar exchange rate.   

The ministry said in a statement that Nass received, a copy of it, (January 24, 2021) that “the Central Bureau of Statistics of the Ministry of Planning launched its qualitative report for the Consumer Price Index for the month of December of 2020, which is the first report issued by the agency after changing the exchange rate. .  

She added that "the report showed an increase in inflation indicators for the month of December by (3.3%), compared to the month of November that preceded it, while the annual inflation rate increased compared to the month of December 2019 by (3.2%) affected by the change of the dollar exchange rate."  

Ministry spokesman Abdul Zahra Al-Hindawi pointed out that "the prices of the tobacco section increased by (10.1%) due to the increase in the prices of imported cigarettes, and the health department recorded an increase in its prices, reaching (8.8%), and the prices of the entertainment section increased by (7.5%) due to The prices of reception equipment and pictures such as televisions, cameras and computers increased, and the transportation department recorded an increase of (7.2%), due to the increase in the prices of cars, especially private cars, as well as the increase in the prices of bicycles and the prices of spare parts such as tires and batteries.  

He pointed out that "the prices of the goods and services section recorded an increase of (4.9%), as a result of the rise in gold prices throughout Iraq, and the prices of the household equipment, equipment and maintenance section recorded an increase of (3.7%) due to the increase in the prices of the home appliances and furniture group. The prices of the housing section recorded an increase of (3.2%), as a result of the increase in the prices of the water and electricity supply group, and the increase was concentrated in the section of the generator subscription fees, while the rate of increase in the prices of the call section was (3%) due to the rise in the prices of mobile phones, and the food and beverage department recorded The non-alcoholic sector increased slightly (0.5%), due to the increase in the prices of bread, grains, meat, fish, milk, cheese, eggs, oils and sugar, and non-alcoholic beverages.  

Al-Hindawi emphasized that "the base inflation rate increased during the month of December by (4%), compared to the previous month of November, while the annual base inflation rate increased by (4.2%) compared to the same month of 2019."   

[yota691]

The inflation index is affected by the dollar exchange rate and rises to 3 percent

Monday 25 January 2021 44

 

  Baghdad: Mustafa Ibrahim

 

The Ministry of Planning revealed an increase in inflation indicators for the month of December by (3.3%) compared to the same month during the past year, while confirming the existence of a disparity in the prices of goods and foodstuffs in the local markets. 

The Ministry's Central Statistics Agency launched its qualitative report for the Consumer Price Index for the month of December 2020, which is the first report issued by the agency after changing the exchange rate.

The spokesman for the ministry, Abdul Zahra Al-Hindawi, said in a statement: “The report showed an increase in the inflation indicators for the month of December by (3.3%), compared with the previous month, while the annual inflation rate increased compared to the month of December 2019 by ( 3.2%) affected by the change in the dollar’s exchange rate. 

He added that “the prices of the tobacco section increased by (10.1%) due to the increase in the prices of imported cigarettes, and the health department also recorded an increase in its prices, which reached (8.8%), and the prices of the entertainment section increased by (7.5%) due to the high prices of reception equipment and pictures such as devices. Television, cameras and computers ».

He continued, “The transportation department also recorded an increase of (7.2%), due to the increase in car prices, especially private cars, as well as the increase in the prices of bicycles and the prices of spare parts such as tires and batteries, adding that the prices of the goods and services section increased by (4.9%), as a result of an increase. Gold prices throughout Iraq ».

 Al-Hindawi pointed out that “the prices of the household equipment and maintenance section also recorded an increase of (3.7%) due to the increase in the prices of the home appliances and furniture group, while the housing section prices increased by (3.2%), as a result of the increase in the prices of the water and electricity supply group. The increase was concentrated in the section of the birth attendant's subscription fee.

 The Ministry’s spokesperson said, “The rate of increase in the prices of the Communication Department is (3%) due to the increase in the prices of mobile phones, and the Food and Non-Alcoholic Beverages Department recorded a slight increase of (0.5%).

[yota691]

Because of the dollar .. inflation is rising again in Iraq

•  Time: 03/03/2021 15:12:49
•  
•  Read: 1,014 times

  

 

Today, Wednesday, the Ministry of Planning announced an increase in the inflation index for the month of January by 0.9%, and the annual rate of 3.3%.
The official spokesman for the ministry, Abdul Zahra Al-Hindawi, said, "The monthly inflation index for January rose by 0.9% compared to the previous month," indicating that the annual inflation index also increased by 3.3% compared to the same month of 2020. The inflation index rose during the period from November 2020 to January 2021, by 4.2%
, and added, "The increase in the dollar exchange rates since mid-December of 2020 has caused a devaluation of the local currency and an increase in the prices of goods and services because Most of these local commodities are imported.
”Al-Hindawi pointed out that“ the increase in the monthly inflation index for December focused on the rise in the goods and services section, a rise of 2 percent.
He continued, "The health department also witnessed an increase of 1.3% as a result of the increase in the main group of medical products and services, which include pharmaceutical products such as blood pressure and diabetes treatment, the increase in doctor's fees in private clinics and the increase in the fees for private hospital services."
Explaining that " the housing department recorded an increase of 1.4% due to the high range supply of water, electricity and a fuel and a group rent by about 0.2% , " noting that the Department of Education rose also as a result of high private tutoring department in a number of provinces. "
He said the device, the height of the index The annual increase for the month of January compared to the same month in January 2020 came as a result of the tobacco department's 11.2% rise, and the housing section recorded an annual increase of 0.3%, and the health department recorded an annual increase of 13.6%.
He said the transportation department recorded an annual rise was 9.7% as recorded Communications rose an annual 5.8%, while the recreation department record and culture grew by 11.1%, the record section of goods and services grew by 13.7%. "
---
Media and the Ministry of Planning

[shixjr]

So, when the took the value of the dinar from around 1150 to 1450, the price of goods went up for the local citizens.  It's good for the government, but bad for the people.  In effect, the government is saying, "We have mis-managed your money for years and now we are wanting you to help bail us out.  Ya' gotta love politicians!

[yota691]

After changing the exchange rate .. Increase in the monthly and annual inflation index in Iraq

 2021/03/03

 

 31

 

Baghdad / Al-Mawred News
Today, Wednesday, the Ministry of Planning announced an increase in the inflation index for the month of January by 0.9%, and the annual rate of 3.3%.

"The monthly inflation index for January rose by 0.9% compared to the previous month," the ministry's spokesman, Abdul Zahra Al-Hindawi, said in a statement, indicating that the annual inflation index also rose by 3.3% compared to the same month of 2020. Until the inflation index rose during the period from November 2020 to January 2021, by 4.2%.

He added, "The increase in the dollar exchange rate since mid-December of 2020 has caused a devaluation of the local currency and an increase in the prices of goods and services because most of these local goods are imported."

Al-Hindawi pointed out that "the increase in the monthly inflation index for December was concentrated in the rise in the goods and services section, a rise of 2.1%, due to the rise in gold prices throughout Iraq."

He continued, "The health department also witnessed an increase of 1.3% as a result of the increase in the main group of medical products and services, which include pharmaceutical products such as blood pressure and diabetes treatment, the increase in doctor's fees in private clinics and the increase in the fees for private hospital services."

He explained that "the housing section recorded an increase of 1.4% due to the increase in the water and electricity supply group, the fuel group and the rent group by 0.2%," indicating that the education department also recorded an increase as a result of the increase in the private lessons section in a number of governorates.

The agency confirmed that the increase in the annual index for the month of January compared to the same month in January 2020 came as a result of the tobacco department’s rise by 11.2%, and that the housing section recorded an annual increase of 0.3%, and the health department recorded an annual increase of 13.6%.

He added that the transportation department recorded an annual increase of 9.7%, and the communications department recorded an annual increase of 5.8%, while the entertainment and culture department recorded an increase of 11.1%, and the services and goods section recorded an increase of 13.7%.

 

[Shelley]

1 hour ago, yota691 said:

After changing the exchange rate .. Increase in the monthly and annual inflation index in Iraq

 2021/03/03

 

 31

 

Baghdad / Al-Mawred News
Today, Wednesday, the Ministry of Planning announced an increase in the inflation index for the month of January by 0.9%, and the annual rate of 3.3%.

"The monthly inflation index for January rose by 0.9% compared to the previous month," the ministry's spokesman, Abdul Zahra Al-Hindawi, said in a statement, indicating that the annual inflation index also rose by 3.3% compared to the same month of 2020. Until the inflation index rose during the period from November 2020 to January 2021, by 4.2%.

He added, "The increase in the dollar exchange rate since mid-December of 2020 has caused a devaluation of the local currency and an increase in the prices of goods and services because most of these local goods are imported."

Al-Hindawi pointed out that "the increase in the monthly inflation index for December was concentrated in the rise in the goods and services section, a rise of 2.1%, due to the rise in gold prices throughout Iraq."

He continued, "The health department also witnessed an increase of 1.3% as a result of the increase in the main group of medical products and services, which include pharmaceutical products such as blood pressure and diabetes treatment, the increase in doctor's fees in private clinics and the increase in the fees for private hospital services."

He explained that "the housing section recorded an increase of 1.4% due to the increase in the water and electricity supply group, the fuel group and the rent group by 0.2%," indicating that the education department also recorded an increase as a result of the increase in the private lessons section in a number of governorates.

The agency confirmed that the increase in the annual index for the month of January compared to the same month in January 2020 came as a result of the tobacco department’s rise by 11.2%, and that the housing section recorded an annual increase of 0.3%, and the health department recorded an annual increase of 13.6%.

He added that the transportation department recorded an annual increase of 9.7%, and the communications department recorded an annual increase of 5.8%, while the entertainment and culture department recorded an increase of 11.1%, and the services and goods section recorded an increase of 13.7%.

 

Ya think famine in the country would get them to do something with their currency and HCL ?

[md11fr8dawg]

Got a problem?? Let the Government solve it, after all it was their policies that caused it in the first place. They must have studied under our genius US politicians. "We are from the government and we are here to help". 1st BIG lie. 2nd Big lie is "Yes and we are glad to have you"!!!

[Laid Back]

They devalue the dinar by 22% now inflation is kicking in..... Next step should be revalue the dinar to low the inflation and increase purchasing power.

 

Go Budget 2021

Go HCL agreement 

Go Delete of 000

Go RV

[6ly410]

The chart reveals the size of inflation for January

• Today, 15:20

 

Baghdad - INA The
Ministry of Planning revealed, today, Wednesday, the volume of inflation for the month of January.
The ministry stated in a statement, received by the Iraqi News Agency (INA), that "the monthly inflation index for January last rose by 0.9% compared to the previous month," indicating that "the annual inflation index also increased by 3.3% compared to the same month of the year." 2020. "
He noted that" inflation index rose during the period from November 2020 until January 2021 increased by 4.2%. "
He added that" the increase came in the dollar exchange rate since mid-December 2020 caused a reduction The value of the local currency and the rise in the prices of goods and services because most of these local goods are imported. ”
The statement pointed out that“ the increase in the monthly inflation index for December focused on the rise in the goods and services section, an increase of 2 percent.1%, due to the rise in gold prices throughout Iraq. "
"The health department also witnessed an increase of 1.3% as a result of the increase in the main group of medical products and services, which include pharmaceutical products such as blood pressure and diabetes treatment, the increase in doctor's fees in private clinics, and the increase in the fees for private hospital services," he added.
He explained, "The housing department recorded an increase of 1.4% due to the increase in the water and electricity supply group, the fuel group and the rent group by 0.2%," indicating that the education department also recorded an increase as a result of the increase in the private lessons section in a number of governorates.
"The increase in the annual index for the month of January compared to the same month in January 2020 came as a result of the tobacco department's 11.2% rise, and the housing section recorded an annual increase of 0.3%, and the health department recorded an annual increase of 13.6%," the statement emphasized.
He added that "the transportation department recorded an annual increase of 9.7%, and the communications department recorded an annual increase of 5.8%, while the entertainment and culture department recorded an increase of 11.1%, and the services and goods section recorded an increase of 13.7%

[GreedyDinar07]

Hey Laidback, how do you think this issue with Iran is going to effect Countries investing in Iraq and the exchange rate. Those clowns keep shooting missiles into Iraq and some hit the US Airbase this morning....SMH...I agree, eventually something will have to be done about the inflation rising which is a good thing and I hope they don't go back to the rate of 1250 to 1300 which has been reported.

[Laid Back]

Thanks for your input GreedyDinar07,

Click on the link,  This will help you to understand the whole situation with Iran.

http://rawabetcenter.com/en/?p=7747

 

 

The Iranian Political Ceiling and the US Response

By Editor

 

- February 1, 2021

 

 

 

http://rawabetcenter.com/en/wp-content/uploads/2021/02/iran-usa-iraq.png

The verbal and media confrontation between Washington and Tehran began to be clear, after US President John Biden received the reins of the US administration, and the escalation of the Iranian political rhetoric, which Iranian officials began effectively when they raised the ceiling of their political and economic demands if Washington thought about starting negotiations over the nuclear program and the issue of ballistic missiles for a long time. Ali Shamkhani (Secretary General of the Supreme National Security Council of Iran) statement that demanded the US to completely cancel the sanctions came as the only option for its return to an agreement with financial compensation for the period of economic sanctions imposed by Trump’s administration on Tehran and to apologize for the assassination of Qassem Soleimani.

These political and economic conditions with which the official in charge of Iranian security policy who is close to the Supreme Leader Ali Khamenei and the one who directs Iranian policy in its relationship with the American administration and the Europeans, spoke about the true extent of the field method that the ruling regime will follow in Tehran, and that he is still thinking about the formula of direct confrontation, moving away The policy of prudence, wisdom, rationality and a strategic outlook in dealing with the sanctions imposed on it, the state of turmoil and the loss of political balance in finding ways and means to begin to continue negotiations with the new US administration and agree with it on a new formula that would restore the regime to its relationship with the countries of the world and its natural resources export.

These statements and conditions coincided with what Ali Khamenei said that he considers that long-range missiles are part of defending Iran’s national security and that Iranian influence in the region is one of the foundations and constants of the Islamic revolution, and in the face of these Iranian rumors, the decisive response came from the administration of President Joe Biden and in the words of Foreign Minister (Anthony Blinken) when he indicated that Washington will not return to the nuclear agreement unless Iran fulfills its obligations, and that resuming dialogue with Tehran will take time).

It is known to us that US President Joe Biden is fully aware of the problems and crises in the Middle East region since he worked in charge of foreign relations in the US Congress at the beginning of the nineties of the last century, then he assumed the position of Vice President for eight years in which he worked with President Obama, which gained him experience A field and realistic vision of the nature of dealing with this important and sensitive region in the balance of American interests on the international and regional level, specifically the behavior and orientations of the Iranian regime and the expansion goals of its policy towards the Arab world and the Middle East region, and the systematic policy pursued by this regime in continuing its interference in the internal affairs of many capitals of Arab countries, Its hegemony and influence in (Iraq, Syria, Lebanon, and Yemen) and the nature of the path adopted by Iranian policy in the face of many regional issues surrounding it, especially with Russia, China and Turkey, and what the recent events in Azerbaijan and Armenia are nothing but clear evidence of the nature of the political vision adopted by the Iranian regime and its endeavor to have Presence and influence in all international and regional issues surrounding it

In light of these facts and events, it is possible to look at them from several angles and within a phased vision that includes the following:

1. The US policy towards the Middle East will be affected by the many events that accompanied President Trump’s administration and its knowledge of the field complexities that control the nature of political paths in the region, including the relationship with the Iranian regime.
2. The US administration seeks to discuss the issue of re-negotiations on the Iranian nuclear program, but within the contexts defined by the sanctions imposed on Tehran, with the participation of its European partners and its Arab allies, especially in the Arab Gulf region.

3. Defining the behavior and orientations of the Iranian regime that targets the state of security and stability in the Middle East and the Arab world, and seeks to spread chaos and security obsession by continuing the policy of interference in internal affairs, and the US administration will have a clear stance that rejects this policy.

4. The US administration continues to confront, encircle and limit Iranian influence in many capitals of the Arab countries and prevent its militias and proxies from working and influencing the political decisions of those capitals, particularly in Iraq, Syria, Lebanon and Yemen.

5. The Iranian regime is aware of the nature and reality of US interests in the Arab region and its relationship with its allies and partners, and for this it has worked to define the concept of Iranian national security, considering that discussing the issue of developing long-range ballistic missiles is part of its security and it is a red line that cannot be returned or negotiated.

6. The political vision of the “Revolution of Iran” is still embodied by the conversations and approaches of Ali Khamenei by asserting that his country’s intervention in the Arab region achieves stability and aims to prevent unrest and it is an inevitable and continuous intervention, and this is what the US administration know and will work to confront these challenges on the ground through the negotiation process and adhere to the constants mentioned in the political and economic sanctions.

7. The Iranian messaging policy is still continuing its orientations and presenting the capabilities and military threats in continuous maneuvers, considering that any change that takes place in the world is a victory for it, just as Iranian President Rouhani talked about President Trump not winning, considering it a victory for Iran.

The US approach towards Iranian policy in the region gave its range in a statement by the US Secretary of State Blinken, indicating that there is ample time in the process of going to negotiate with Iran, after the high ceilings that Tehran advanced with before making a return to any clear upcoming negotiations ,and it is still shifting away from the style of soft politics in its readings of events and its relationship with the United States, and continues to exaggerate the policy of militancy and show strength, a policy that the US administration is aware of and does not hide or fear

Iranian Studies Unit
Rawabet Center for Research and Strategic Studies

 

[GreedyDinar07]

Thanks Laid back for that information!!

[SocalDinar]

And another

 

 

Iraq's Inflation index has increased remarkably, official statistics

 

•  

 2021-03-03 03:17

 

Shafaq News/ The Ministry of Planning announced on Wednesday that the inflation index increased dramatically.

The Central Statistical Organization mentioned in a statement received by Shafaq News Agency that the monthly inflation index rose by 0.9% last January compared to the previous month, along with the annual inflation index, which rose by 3.3% compared to the same month of 2020."The increase in dollar exchange rates since mid-December 2020 has caused a devaluation of local currency and an increase in the prices of goods and services for most of them are imported," they added. The organization pointed out, "the increase of the monthly inflation index of December focused on the increase that happened in the goods and services department by 2.1% due to the rising costs of gold across Iraq." "The health department also witnessed an increase of 1.3% as a result of the rise in the prices of the main medical products and services, which include pharmaceutical products such as blood pressure and diabetes medication, high physician wages in community-based clinics, and high services wages in community-based hospitals." They proceeded.  They explained further, "The housing department recorded a rise of 1.4% due to the rise in the water, electricity, fuel and rental fees by 0.2%, along with the education department which also increased as a result of the rise in the fees of private lessons in many governorates." The organization confirmed that the rise of the annual index for January compared to the same month in 2020 came as a result of the increase in the tobacco department by 11.2%, as well as the annual rise in the housing department by 0.3%, and the health department by 13.6%." They added that the transportation department recorded an annual increase of 9.7%, and the communications department recorded an annual rise of 5.8%. In comparison, the department of entertainment and culture rose by 11.1%, and the department of services and goods increased by 13.7%." The organization of Statistics and Information Technology announced that it began using mechanization in collecting different prices at specific times instead of the paper format used previously, stressing that this will contribute to the speed of gathering and the accuracy of prices and correcting miscalculations

 

https://shafaq.com/en/Economy/Iraq-s-Inflation-index-has-increased-remarkably-official-statistics

[yota691]

View of inflation index

Tuesday 23rd March 2021 55

 

Muhammad Sharif Abu Maysam

The increase in the annual inflation index by 3.3 percent was not surprising to observers in the economic affairs, after the increase in the exchange rate of the dollar in mid-December, which led to a rise in the prices of goods and services due to the depreciation of the local currency, in light of a large dependence on imports. In meeting the domestic demand for commodities.

Inflation is an economic term that at first glance indicates a rise in prices, while it can refer to inflation in the issuance of monetary currency, or income inflation due to higher monetary incomes, such as wage inflation and profit inflation, and so it can be a rise in costs or an excess of credit ratios. In monetary terms, this does not mean that these cases can occur simultaneously, but in all cases, inflation refers to the rise in the general level of prices in a country's economy, and it can be employed in processors for drawing up plans that target sustainable development and poverty alleviation. . 

The general price level is the average of the prices of goods and services consumed in the economy during a particular year. Hence, the inflation rate calculated for large increases in the prices of a commodity or service does not reflect the real level of inflation related to consumer prices.

If we refer to the rise in the inflation index in the goods and services section due to the rise in gold prices throughout Iraq, this means that the high price of gold was reflected in the accounts of the inflation rate for other commodities related to people's lives and daily consumption, as well as other episodes in the sectors that take place Follow-up by the relevant authorities, including, for example, the Education Department, which also recorded an increase “as a result of the increase in the private lessons section in a number of governorates,” according to a statement reported by the media. 

Here, we are faced with a situation in which accounts are mixed between the reality of the existence of such activities, which drain the entry of specific groups of society, while other groups are not related to them, regardless of the legitimacy that such activities take by simply referring to them in the report of a government agency, as a practice Acceptable, but referring to it in inflation accounts increases its numerical rates at the expense of the concept and its calculations in the goal of promoting economic growth, as is the case with moderate inflation that some countries target in their economic accounts to promote sustainable development.

[yota691]

 

Advisor to Al-Kazemi: Iraq has not reached the stage of inflation and prices have not risen significantly

 

•  

 2021-03-23 05:19

 

Shafaq News / The Advisor to the Prime Minister for Financial and Economic Affairs, Mazhar Muhammad Salih, confirmed on Tuesday that Iraq has not reached the stage of inflation, indicating that we are still within the one-decimal place.

Saleh said in an interview with Shafaq News; "Iraq still has not yet reached the stage of inflation, as we are still within the one-decimal place," noting that "before the dollar exchange rate was modified, inflation in Iraq was slightly higher than zero."

Saleh added, "People are sensitive to prices on the basis of a commodity, but we believe that inflation is an index measure with weights and every commodity has a relative weight."

Saleh pointed out that "there has become a sense of prices after adjusting the dollar exchange rate, but it is still reasonable and that inflation is still acceptable, not at the individual level, but at the level of the general price index."

On March 3, the Ministry of Planning announced an increase in the inflation index for the month of January by 0.9%, and the annual rate of 3.3%.

The ministry explained that the increase in the dollar exchange rate since mid-December of 2020 has caused a decrease in the value of the local currency and an increase in the prices of goods and services because most of these local goods are imported.

[yota691]

Saleh: Iraq has not reached the stage of inflation and prices have not risen significantly

 

money and business Economy News _ Baghdad Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed, on Tuesday, that Iraq has not reached the stage of inflation, indicating that we are still within the one-decimal place. Saleh said in a press interview, that "Iraq still has not yet reached the stage of inflation, as we are still within the one-decimal place," indicating that "before the adjustment of the dollar exchange rate, inflation in Iraq was slightly higher than zero." He added, "People are sensitive to prices on the basis of a commodity, but we believe that inflation is an index measure with weights and every commodity has a relative weight," noting that "there is a commodity that may have increased 500 percent but its relative weight is little compared to vegetables or foodstuffs." Saleh pointed out, "There has become a sense of prices after adjusting the dollar exchange rate, but it is still reasonable and that inflation is still acceptable, not at the individual level, but at the level of the general price index."

Number of observations 98   Date of addendum 23/03/2021

[GreedyDinar07]

In other words, until inflation goes through the roof the exchange rate will remain at 1450. The people haven’t suffered enough. Come on good ole inflation... fly, fly,fly!!

[yota691]

The Ministry of Planning announces a high inflation rate during the month of April

Economie

12-05-2021 | 07:05

 

 

 

 

 

510 views

 

 

Today, Wednesday, the Ministry of Planning announced that the monthly inflation rate increased during the month of April, compared to the previous month.

This was confirmed by the spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, in a statement received by "Alsumaria News" in which he explained that the Central Bureau of Statistics continues to monitor price movement in Iraqi local markets, in all governorates, on an ongoing basis, and on the basis of this monitoring it launches its monthly qualitative report for the index number And consumer prices, which are indicative of monthly inflation rates, indicating that the first digital qualitative report to monitor the changes associated with the change in the exchange rate, was during the month of December of the previous year, which showed an increase in the inflation rate, by (3.3%), compared to the month of November, which witnessed Raise the exchange rate.

 

 

 

 

 

Al-Hindawi pointed out that inflation rates continued to rise slightly during the past four months of this year, adding that the inflation rate rose by (0.8%) during the month of January, and in February it rose by (0.7%), and during the month of March it increased by ( 0.6), while the rate of increase in the inflation rate during the month of April was (0.1%), revealing that the cumulative rise in inflation rates during the past six months (from November 2020 to April 2021) amounted to (5.6%).

[yota691]

The repercussions of changing the dollar exchange rate ... Planning: the high rate of inflation during April

•  Time: 05/12/2021 14:03:17
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•  Read: 2,457 times

  

{Economic: Al Furat News} The Ministry of Planning announced, on Wednesday, that the monthly inflation rate increased during the month of April, by 0.1% compared to the previous month.

The ministry’s spokesperson, Abdul Zahra al-Hindawi, said in a statement that the Euphrates News received a copy of, “The Central Bureau of Statistics continues to monitor price movement in Iraqi local markets, in all governorates, on an ongoing basis, and on the basis of this monitoring it releases its monthly qualitative report for the index number. And consumer prices, which indicates the monthly rates of inflation. "

He added, "The first digital qualitative report to monitor the changes accompanying the change in the dollar’s exchange rate, was during the month of December of last year, which showed an increase in the rate of inflation, by (3.3%), compared to the month of November, which witnessed an increase in the exchange rate."

Al-Hindawi pointed out that "the inflation rates continued to rise slightly during the past four months of this year, adding that the inflation rate rose by (0.8%) during the month of January, and in February it increased by (0.7%), and it rose during the month of March by (0.6), while the rate of increase in the inflation rate during the month of April was (0.1%), revealing that the cumulative increase in inflation rates during the past six months (from November 2020 to April 2021) amounted to (5.6%).

Hazem 

[yota691]

Planning expects the stability of the economic and financial situation .. and provides evidence

•  Time: 05/12/2021 15:20:46
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•  Read: 1,482 times

  

{Economic: Al Furat News} The Ministry of Planning expected the stability of the economic and financial situation related to the movement of the dollar's exchange rate in local markets.

 

"By following up on the inflation indicators affected by the rise in the dollar, there is stability in prices, as last April was 0.1, and in March inflation was 0.6, and in February it was 0.7 and December was 0.8," ministry spokesman Abdul Zahra Al-Hindawi said.
"We notice a stabilization and a decline in inflation rates, as a result, the economic and financial situation associated with the price movement will stabilize," he added.
The Ministry of Planning announced earlier today, Wednesday, that the monthly inflation rate increased during the month of April, by 0.1% compared to the previous month.
She said in a statement, "The Central Bureau of Statistics continues to monitor price movement in Iraqi local markets, in all provinces, on an ongoing basis, and on the basis of this monitoring it releases its monthly qualitative report for the index and consumer prices, which indicates monthly inflation rates."
She added, "The first digital qualitative report to monitor the changes accompanying the change in the dollar’s exchange rate, was during the month of December of last year, which showed an increase in the rate of inflation, by (3.3%), compared to the month of November, which witnessed an increase in the exchange rate."
The planning pointed out, "The inflation rates continued to rise slightly during the past four months of the current year, adding that the inflation rate rose by (0.8%) during the month of January, and in February it increased by (0.7%), and it rose during the month of March. By (0.6), while the rate of increase in the inflation rate during the month of April was (0.1%), revealing that the cumulative rise in inflation rates during the past six months (from November 2020 to April 2021) amounted to (5.6%). .
Hazem