World Bank: Annual inflation declines in Iraq during 2022

[yota691]

 

Planning announces a rise in the monthly and annual inflation rate in Iraq

 

 2022-01-25 04:41

 

Shafaq News/ The Ministry of Planning announced on Tuesday that the monthly inflation rate for the month of December increased by 0.3% and the annual increase by 5.3%.

In a statement received by Shafaq News Agency, the Ministry's Central Statistics Agency said that "the inflation rate for the month of December increased by (0.3%), compared to the previous month of November," noting that "the annual inflation rate for the month of December for the year 2021 compared to the same period, From last year 2020, it witnessed an increase of (5.3%)."

He added, "The Central Bureau of Statistics, through the Index Numbers Department, prepares a monthly consumer price report, which includes field follow-up of price variables, for more than (333) goods and services in all governorates, representing (88%) of the total expenditure of the family. Iraq for goods and services.

He pointed out that "the commodity totals that increased the most in monthly prices for the month of December compared to November of the year 2021 was the housing department, which recorded an increase of 0.6 percent due to the increase in water and electricity supplies by 3.4%, the fuel group by 0.5%, and the rental group by 0.2% The Education Department also recorded a 4.3% increase due to the start of registration with private universities fees and middle school fees.

He pointed out that "the miscellaneous goods and services department recorded a 0.4% increase in the monthly rate of change."

[6ly410]

 

https://shafaq.com/en/Economy/Inflation-rate-in-Iraq-rises-by-0-3

Inflation rate in Iraq rises by 0.3%

2022-01-25 04:15

 

Shafaq News/ Iraq's Ministry of Planning said that the month-to-month inflation rate rose by 0.3% in December.

 

"December 2021's report demonstrated a 5.3% rise in the inflation rates compared to the same period in 2020," the Ministry said.

 

The Ministry's Central Bureau of Statistics said in a statement that it continuously monitors the price movement of basic commodities, which accounts for 88% of the Iraqi family's expenditures, via its monthly reports.

 

Collective housing costs were the top boost of the regular family expenditures in December by 0.6%, as water and power fees rose by 3.4%, fuel by 0.5%, and rents by 0.2%, according to the report. Education fees increased by 4.3%. Daily commodities costs rose by 0.4%, equal to the monthly price change rate.

 

Spokesperson to the Iraqi Ministry of Planning Abdul-Zahra al-Hindawi attributed the hiking inflation rates in the country to import reliance and the high exchange rate of the U.S. dollar against the domestic currency.

 

In a statement to Shafaq News Agency earlier, Abdul-Zahra said that both "internal and external factors" contribute to the growing inflation rates in Iraq.

 

"Shortage of some commodities and the rarity of others, like foodstuff and construction material, brought their prices higher. This, in addition to supply chains strains, led to a surge in inflation indices worldwide. The United States, Russia, and even the countries of the region are coping with the same struggle because their economies are linked to the international market."

 

"The high demand on those commodities and the huge monetary cluster commuting inside the market, in addition to the already devaluated dinar, are pushing the inflation rates upwards."

 

The economic expert, Dergham Mohammad Ali, told Shafaq News Agency, "the inflation rate's surge last month was fueled by the rise of the consumer's exchange rate, which is in turn influenced by the global rise of basic commodities prices."

 

"The cumulative impact of the delay of the budget and government formation, and the consequent hesitation of suppliers, creates a state of stagnation, sending the consumer's exchange rate to further heigh

[yota691]

The high monthly and annual inflation rate in Iraq

JANUARY 25, 2022

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0 MINUTE READING

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On Tuesday, the Ministry of Planning announced an increase in the monthly inflation rate for the month of December by 0.3% and an annual increase of 5.3%.

The Ministry’s Central Statistics Agency said in a statement seen by Al Sharq Telescope that “the inflation rate for the month of December increased by (0.3%), compared to the previous month of November,” noting that “the annual inflation rate for the month of December for the year 2021 compared to the same period, From last year 2020, it witnessed an increase of (5.3%).”

He added, "The Central Bureau of Statistics, through the Index Numbers Section, prepares a monthly consumer price report, which includes field follow-up of price variables, for more than (333) goods and services in all governorates, representing (88%) of the total expenditure of the family. Iraq for goods and services.

He pointed out that "the commodity totals that increased the most in monthly prices for the month of December compared to November of the year 2021 was the housing department, which recorded an increase of 0.6 percent due to the increase in water and electricity supplies by 3.4%, the fuel group by 0.5%, and the rental group by 0.2%. The Education Department also recorded a 4.3% increase due to the start of registration with private university fees and middle school fees.

He pointed out that "the miscellaneous goods and services department recorded a 0.4% increase in the monthly rate of change."

[yota691]

In numbers.. Inflation of prices and services in Iraq and an alarming rise in Baghdad

•  Time: 01/28/2022 14:28:13
•  
•  Reading: 1,547 times

  

{Economic: Al Furat News} An economic statistic revealed the levels of inflation in prices and services in the country.

The {Iraq Future Foundation}, a non-profit economic organization, said: “The city of Baghdad occupied the largest percentage of the rise in inflation, as the rate of price inflation in it reached 25% compared to the prices of the measurement year, which is the year 2012, followed by the Muthanna governorate, where the inflation rate reached 16%, and then the two governorates of Kirkuk. Anbar, with an inflation rate of 15.3%.
He added, "The inflation rate represents the increase in prices for various materials and services in the country, depending on the measurement year, which is 2012."

She pointed out that "the prices of water and electricity services in the capital, Baghdad, increased by 80%, while the prices of medical and health services increased by 65%, while education services rose by 72%, and the prices of rents in the province of Baghdad increased by 26.5%."

The Foundation pointed out that "the lowest inflation rate was in the Maysan governorate, where the inflation rate was only 3%, followed by the Babylon governorate with an inflation rate of 5.3%, and the Sulaymaniyah governorate with an inflation rate of 5.7%."
 

[yota691]

The IMF reveals the expected increases in prices during 2022

07:09

Fourth - Follow-ups

The International Monetary Fund revealed in a recent report that the data indicate the extent to which rising energy costs have caused an increase in inflation rates, especially in Europe, where fossil fuel prices have nearly doubled over the past year, and the rise in food prices has helped increase inflation.

Meanwhile, ongoing supply chain disruptions, port blockages, logistical pressures and strong demand for goods have widened price pressures, particularly in the United States of America, and higher prices for imported goods have also contributed to inflation in some regions, including Latin America and the MENA region. Caribbean Sea.

Inflation is likely to remain high, and price gains this year will average 3.9% in advanced economies and 5.9% in emerging market and developing economies, before tapering off over the next year, according to the January World Economic Outlook update.

 

Assuming inflation expectations remain well anchored and the pandemic eventually loosens its grip, rising inflation should fade as supply chain problems fade, central banks raise interest rates, and demand tilts more toward services again rather than commodity-intensive consumption.

And oil futures contracts indicate that crude prices will rise by about 12% this year, with natural gas prices rising by about 58%, and such increases for both commodities will be during the current year, much less than their gains during the past year, and it is likely to be followed by a decrease in prices in 2023. Where supply and demand imbalances recede even more.

Likewise, food prices are likely to rise at a more moderate pace of about 4.5 percent this year and fall next year — after rising 23.1 percent over the past year, according to data from the United Nations Food and Agriculture Organization, and this should ease spending pressures on millions of people. around the world, especially in low-income countries.

The International Monetary Fund indicated that such burdens fall largely on the shoulders of the population of emerging and low-income countries, where food usually constitutes a third to half of consumer spending, but this share is smaller in advanced economies, such as the United States of America, where food represents less than one-seventh. Home shopping bills.

[6ly410]

The purchasing power of the citizen decreased by 22%

Monday 31 January 2022 68

https://alsabaah.iq/60316/تراجع-القدرة-الشرائية-للمواطن-22

 

 Baghdad: Haider Falih Al-Rubaie

Specialists in economic affairs identified a number of reasons for the high levels of inflation in the country, and their reaching rates they described as “dangerous”, putting at the forefront of these reasons the increase in the prices of food, health services, transportation and electricity, stressing that the high levels of inflation have eaten up approximately 22% of the purchasing power of the citizen. , and led to an increase in poverty rates, and while they agreed that changing the exchange rate is the main cause of high inflation rates, they stressed the need to launch more initiatives aimed at establishing small and medium enterprises, especially in the industrial, agricultural and investment sectors.

The latest statistic published by the Ministry of Planning showed a rise in annual inflation rates of 8.4%, which represents a “danger bell” for a number of economists, who warned of the dangers of rising inflation rates on the national economy in general.

 

Economic risk 

Despite the significant negative effects of inflation on the national economy in general, however, the economist, Manar Al-Obaidi, believes that the increase in its rates has a direct impact on the life of the citizen, leads to high rates of poverty, and paralyzes the increase in per capita GDP. Al-Obaidi pointed out that “measuring the level of price increases for each item or service, is after measuring the level of its impact on the citizen. The importance of the food sector is approximately 28% for the citizen, followed by the housing and rental sector, whose importance is 17%.” The economic expert pointed out that “inflation rates in Iraq rose in important sectors, including those that are of great importance such as the food sector, as well as important and necessary sectors for people’s lives, such as the health, electricity and water sectors, which witnessed clear increases.

 

Food security 

Al-Obaidi believes that the food sector plays an important role in the process of rising inflation rates, because of its great relative importance, which necessitates working to achieve food security by adopting agricultural, industrial and agricultural projects and increasing equivalent productions such as canning and storage, stressing that these steps would Contribute to alleviating the rise in prices globally, and provide Iraq with food security away from external influences, and away from the impact of the exchange rate.

The expert pointed out that "the health sector, other goods and services, and electricity supplies are among the sectors with the highest rise in prices, as they witnessed an increase of more than 30%, and these percentages require active intervention from various parties to reduce them."

 

investing money

With the aim of reducing the effects of inflation on the Iraqi economy, Al-Obaidi urged the harm of investing the surplus funds of the state and the reserves of the Central Bank, to launch initiatives that work to establish various projects that can contribute to reducing inflation rates, and to strive seriously to find real productive job opportunities that distance us from the “social welfare” state. “We are experiencing today, especially with the high unemployment rates that have turned from a problem into a real disaster, rising with more than 500,000 people entering the labor market annually. Al-Obaidi also stressed the importance of “investment in education,” stressing that human capital is one of the factors affecting the rise in unemployment rates, and therefore real strategies must be worked out to implement education projects that raise the rate of human capital, which will contribute to reducing unemployment rates significantly. .

 

 exchange rate

In turn, the economist, Dr. Ali Hadi Al-Nusaifi, attributed the inflation rates to these levels to the change in the exchange rate and the devaluation of the local currency by 22% in parallel with the size of the bill of large foreign imports that are financed in dollars, stressing that this led to the citizen losing a percentage of purchasing power. His income is much greater than the rate of devaluation of the currency due to the lack of control over the markets and its outrageous rise, indicating that this rise was paid for by the low-income brackets, and then led to the expansion of the poverty gap and the increase in the size of unemployment. Al-Nusaifi also indicated, among other reasons, that he said that they contributed to the increase in inflation rates to those rates he described as “dangerous,” including “the absence of a production function, exports being limited to oil resources, high costs on commodity requirements, and high taxes.”

 

suggestions and solutions 

In order to reduce the effects of inflation and reduce its high rates, the expert Al-Nusaifi suggested a number of points that he called on the government to implement, putting at the forefront of those points, strengthening the ration card program, and working on the “cash allowance” to replace the commodity, provided that the value of the goods in the market is taken into account, as well as Re-working the supported central market program, activating the market monitoring program, and reducing taxes and customs on some productive activities. Funding initiatives for small projects of not less than 10 trillion dinars to reduce unemployment and reduce the poverty gap before it is classified in extreme and dangerous levels

[yota691]

Baghdad..The First In Iraq And The Ninth In The Arab World In The Cost Of Living

 

LAST UPDATE 02/08/2022 | 9:23 AM

The Information/Baghdad…
The “Network of Field Consultants” estimated the capital, Baghdad, as being the highest among other provinces in terms of the cost of living for one person in it, while it ranked ninth in the Arab world.
Network member Qahtan Al-Hasso said in a statement reported by the official "Al-Sabah" newspaper and seen by "The Information", that "Baghdad ranked first among other provinces in terms of the cost of living for one individual, which amounts to 675,000 dinars per month, who does not live within the family," attributing this To “the rampant corruption of all kinds and the consolidation of class, in addition to the great absence of social justice.”
Al-Hasso added, "Al-Muthanna is the lowest among the other governorates, as the figures are estimated between 150 to 200,000 dinars per person per month."
And he indicated that "the cost of living in the Kurdistan region in general is not much different from Nineveh, as the Iraqi individual can live with 200 thousand dinars per month alone and not within the family," noting that "this number rises to reach 250 thousand dinars, which is sufficient for one person in Erbil." While Sulaymaniyah is considered the lowest in terms of cost of living in the region, then Dohuk comes.”
He continued, "The cost of living in the capital, Baghdad, is higher than Damascus, which is considered the lowest cost of living in the Arab world, while Doha occupies the highest cost of living, followed by Dubai in second place in the Arab world, the Gulf states and Beirut," stressing that "the Iraqi capital is ranked ninth in the Arab world as the highest. A city to live at per capita.”
Al-Hasso explained that "the studies depended on the cost of living, according to the Nimbu Foundation and the Network of Field Consultants, on food, clothing, electricity, water, internet, transportation and entertainment." finished/25

[yota691]

Planning: Iraq did not witness a wild rise in inflation rates

archival

 February 20 2022 10:17 PM

 

 

Mubasher: The Ministry of Planning announced, today, Sunday, that Iraq has not witnessed a wild rise in inflation rates, while revealing measures to ensure that it does not rise in the coming years.

Ministry spokesman Abdul-Zahra Al-Hindawi said in a statement to the Iraqi News Agency (INA), that "many internal and external factors affect the annual inflation."

And he indicated that "inflation indicators this year witnessed a rise in their rates compared to what they were in 2021."

He explained, "Inflation indicators witnessed an increase of about 6 percent compared to what they were in the past year," noting that "the factors of rising and declining inflation depend on the size of the currency in circulation, as well as the volume of investments and imports."

He added, "Inflation in Iraq is rising at reasonable rates according to the economic reality, in addition to the size of the monetary mass in circulation and the percentage of investment."

He stressed that "Iraq has not witnessed a runaway rise in inflation rates, and it is not expected to witness this in the coming years, especially since the circulating monetary mass is witnessing stability in the markets, in addition to the investment movement throughout the country witnessing a remarkable improvement, especially in the housing sector and the implementation of government projects."

[yota691]

A new comment from the Finance regarding the value of the currency

2022.02.22 - 09:31

 

  

Baghdad - people  

The Ministry of Finance issued, on Tuesday, regarding inflation and its relationship to the devaluation of the currency.  

  

  

  

And the ministry said in a brief statement, a copy of which was received by “People” (February 22, 2022), that “price inflation is a global phenomenon that is not linked to the devaluation of the currency, as well as the exploitation of some importers and traders by imposing additional prices for the purposes of competition and achieving additional gains.”  

  

And Finance Minister Ali Allawi issued, earlier, a statement about the reduction of the dollar exchange rate in December of 2020, stressing that the devaluation of the dinar came as part of a package of fundamental reforms targeting the structure of the Iraqi economy, and has achieved many results since then.  

  

Allawi said in a statement, "Nass" received a copy of it, that "the Ministry of Finance has sought with all its institutions to correct the structural distortions in the Iraqi economy, which the public financial policy lacked, which led to restricting the ability of financial reform in the country."  

  

On the reason for decreasing the exchange rate in December 2020, and was it necessary?, Allawi said: “When oil revenues collapsed two years ago, the Iraqi government was facing enormous financing pressures while it was struggling with its basic internal and external obligations, as the cash reserves of the Central Bank were in rapid decline, and in December The first, 2020, was expected to be implemented within a year, and Iraq was on the brink of a comprehensive economic crisis that came as a result of the drop in oil prices.  

  

He added, "The decision to reduce the value of the dinar came as part of a package of fundamental reforms that target the structure of the Iraqi economy, and this decision was taken as a result of a stifling economic crisis that befell the whole world represented by the Corona pandemic, where the price of a barrel of oil at the time reached 20 dollars, and this is what caused an economic crisis that led to difficulty The government’s fulfillment of its financial obligations from previous external and internal debts, in addition to the salary bill for employees, retirees and social protection, as the Social Protection Authority was supported by increasing the allocations of the new targeted groups to compensate for the emergency change in the exchange rate and subsidize the poor segment, but the House of Representatives reduced the amounts allocated to the new inclusion, which led to the non-inclusion of new families in social protection.  

  

He pointed out that "the change in the exchange rate of the dinar came in conjunction with the implementation of the economic reform project, which the Iraqi government called the "white paper" and it was a necessary option to reform the structural system of the Iraqi economy."  

  

The minister added that "the change in the exchange rate gave great strength to the economic joints of the country, and it is in line with the statements of the Central Bank, which confirmed that raising the exchange rate led to an increase in the possibility of competition for the local product, and to reduce expenditure pressure on the Ministry of Finance by 23%, which enabled the Ministry of Finance to exceed The crisis resulting from the drop in global oil prices during 2020 and the first months of 2021.”  

  

The decision to adjust the exchange rate came, according to Allawi, “after the state’s foreign currency reserves were depleted and some private banks took control of the market for selling currency by illegal means, and we worked to raise the balance of foreign currency through a series of decisions in addition to the rise in oil prices, and these decisions resulted in an increase 64 billion dollars from the reserves of the Central Bank of Iraq, and raising the international credit rating of Iraq internationally.  

  

He pointed out that "the statistics of the specialized international organizations indicate the gross domestic product at 9% for the first half of 2021, and the growth of the non-oil economy by more than 21% in the first half of 2021, and this is due to the strong performance in the service sectors after easing measures to prevent the virus." The new Corona virus, and this recovery reduced the lag in the oil sector, by 10% in the first half of 2021, as Iraq adjusted its share in OPEC, and since then, OPEC gradually increased the production share of member states, which was reflected in an increase in GDP.  

  

He explained that "the general and basic inflation rate in Iraq for the period from January to July 2021 reached 5.2 percent and 6.3 percent, respectively, due to the increase in domestic demand and the insufficient supply of goods to meet the entire growing demand, in addition to the positive impact of inflation due to low prices. Imports in some exporting countries are facing devaluation of their local currencies.  

  

And he indicated that "the Ministry of Finance worked to attract companies to support system" rel="">support investment in Iraq for the purpose of advancing the country's economy by maximizing non-oil revenues and emphasizing the need to adopt the budget of programs to achieve the best performance of the plans and timings set and to develop appropriate mechanisms within its strategy to finance and involve the private sector and to approve the completion of strategic projects with impact." The multiplier and curbing the monopoly of banks on foreign currency.  

  

He stated that "the Ministry of Finance dealt, in light of the stifling financial crisis, the suffering of a large segment of the contracts of the Ministry of Electricity and the free lecturers, as they were converted into contracts based on Cabinet Resolution No. 315 of 2019 and all the problems that many ministries faced from having their contracts terminated, including the Ministry of Defense and Interior and the Commission Popular Mobilization and solving all problems related to bonuses, promotions and other benefits for all employees and citizens.  

  

He added, "The ministry also worked within its strategy to prepare a sound and stable financial position for the country by preparing budgets for the coming years within the available resources to address the delay in strategic projects."  

  

Hence, the Ministry of Finance would like, according to the statement, that “it was found that it worked in difficult economic conditions, in which it dealt with most financial situations, and through its plans for the draft white paper that the government and the Ministry of Finance adopted with its reform project in order to advance the economic reality, as the Ministry of Finance invested those positions that were put in place to reform The economic situation and the stifling financial crisis after it preferred difficult solutions, including raising the dollar exchange rate against the Iraqi dinar.    

  

  

  

  

  

  

  

  

  

  

  

[yota691]

Iraqi Finance: Inflation in prices is not linked to the devaluation of the currency

Iraqi Ministry of Finance

 February 22 2022 11:48 am

Riyadh - Mubasher: The Iraqi Ministry of Finance confirmed today, Tuesday, that price inflation is a global phenomenon that is not linked to the devaluation of the currency.

"Price inflation is a global phenomenon that is not linked to currency devaluation," a ministry statement said.

The ministry also pointed out that the exploitation of some importers and traders by imposing additional prices for the purposes of competition and achieving additional gains also leads to this phenomenon.

[yota691]

Finance clarifies the cause of price inflation and bears responsibility for importers

• Time: 02/22/2022 09:27:51
•  
• Reading: 988 times

  

{Economic: Al Furat News} The Ministry of Finance explained, today, Tuesday, the cause of price inflation.

A statement by the ministry, which the agency {Euphrates News} received a copy of, stated that "inflation in prices is a global phenomenon that is not linked to the devaluation of the currency."

The Finance pointed out, "The exploitation of some importers and traders by imposing additional prices for the purposes of competition and achieving additional gains also leads to this phenomenon."

[yota691]

 

Finance: The effect of changing the dollar exchange rate was limited on the rise in commodity prices

 

 2022-02-21 10:08

 

Shafaq News/ The Ministry of Finance confirmed today, Monday, that the change in the dollar exchange rate was limited in the rise in the prices of commodities and foodstuffs.

The ministry said in a plan, seen by Shafak News Agency; The change in the dollar exchange rate that took place previously had a limited impact on the rise of commodities and foodstuffs, indicating that other factors played a greater role in raising prices.

She added that the logistical disturbances and transportation costs associated with the Corona pandemic led to an increase in prices, in addition to a rise in the prices of minerals and raw materials in global markets.

She pointed out that another factor is the rise in food prices globally, which led to the rise in foodstuffs.

It is noteworthy that the exchange rates of the dollar witnessed a decrease with the presence of calls to reduce the prices of the dollar with the improvement and the rise of oil prices, so that the Baghdad Stock Exchange recorded this morning yesterday, Sunday 1450 dinars against the dollar, and the owners of the exchange offices worked hard in selling the dollar and the lack of clarity about the government’s direction to reduce the price of the dollar or not .

It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar in the budget for the current year 2021, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.

On Saturday (December 19, 2020), the Central Bank of Iraq officially announced the adjustment of the foreign exchange rate (the US dollar) to 145,000 dinars for every $100.

[shixjr]

1 hour ago, yota691 said:

The Iraqi Ministry of Finance confirmed today, Tuesday, that price inflation is a global phenomenon that is not linked to the devaluation of the currency.

Yota, do you think the Iraqi people really care about WHAT caused the inflation?  I think they are hurting financially because of the change to the value of their money and then throw inflation on top of that and they are suffering.  They don't care what the causes are; they simply want things to get better.  It looks to me like the government is simply trying to justify what they have done.  I am glad that the change in their currency has helped the government, but it looks to me like the change has occurred on the backs of the people.

 

I just wanted to see if I am looking at this from the wrong angle and need to change my thinking.

[yota691]

The Ministry of Finance: Inflation in prices is a global phenomenon that is not linked to the devaluation of the currency

 

Material uses Economy News _ Baghdad Today, Tuesday, the Ministry of Finance confirmed that price inflation is a global phenomenon that is not linked to currency devaluation. A ministry statement received by "Al-Iqtisad News" stated that "price inflation is a global phenomenon that is not linked to the devaluation of the currency," pointing out that the exploitation of some importers and traders by imposing additional prices for the purposes of competition and achieving additional gains also leads to this phenomenon.

Views 127   Date Added 02/22/2022

[cutter73]

Usually they show 25,000 notes...could this be a lower one? @yota691 Either may...Good morning and thanks for all you do!!!

[yota691]

 

Iraq 50,000 Dinars Banknote, 2020 (AH1441)

[yota691]

Planning: the size of the monetary mass behind the high rates of inflation in Iraq

 

- 02-23-2022 10:19 AM - Read: 2094

 

The Ministry of Planning in the federal government revealed that inflation in Iraq has risen by six percent.
The official spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, said that several internal and external factors are behind the annual inflation of the currency in the country, in addition to the size of the monetary mass in circulation and the investment rate.
He also stressed that the inflation index rose during this year by six percent, which is a natural and logical rise according to the economic reality of the country, especially after the indicators witnessed a remarkable rise worldwide, affected by the repercussions of the Corona pandemic, and the rise in prices globally.
Al-Hindawi added that the main factor for the rise and fall of inflation is related to the volume of currency available for circulation, investments and imports.

[yota691]

 

Planning announces a rise in the monthly and annual inflation rate in Iraq

 

 2022-03-07 06:04

 

Shafaq News/ The Ministry of Planning announced today, Monday, an increase in the monthly inflation rate for the month of last January by 0.9%, and an annual increase by 5.3%.

In a statement received by Shafaq News Agency, the Ministry's Central Statistics Agency said that "the inflation rate for the month of last January increased by (0.9%), compared to the previous month of December," noting that "the annual inflation rate for the month of January of 2022 compared to the same period from Last year, 2021, witnessed an increase of (5.3%)."

He added, "The Central Statistics Authority, through the Index Numbers Section, prepares a monthly report on consumer price indices, which includes field follow-up of price variables, for more than (333) goods and services in all governorates, representing (88%) of the volume. The total expenditure of the Iraqi family on goods and services.

He pointed out that "the commodity totals that had the highest increase in monthly prices for the month of January of 2022 compared to December of the year 2021 was the food and non-alcoholic beverages section, which recorded an increase of 0.9 percent due to the increase in the fish section by 7.5 percent and the increase in the vegetables group by 3.4 percent." And the bread group by 0.9 percent, the fat and oils group by 0.3 percent, and the meat group by 0.1 percent.

He pointed out that "the communications department recorded a monthly increase of 3.4 percent, while the housing section also recorded a rise of 2.7 percent due to an increase in electricity and water by 15.2 percent, and the goods and services section also recorded a monthly increase of 2.3 percent."

[yota691]

The high rate of inflation in Iraq for the month of January

• Time : 03/07/2022 14:26:53
•  
• Reading: 611 times

  

{Economic: Al Furat News} The Ministry of Planning announced today, Monday, a rise in the monthly inflation rate for the month of January last by 0.9% and an annual increase of 5.3%.

And the Central Statistical Organization of the Ministry said in a statement that “the inflation rate for the month of last January increased by (0.9%), compared to the previous December,” noting that “the annual inflation rate for the month of January 2022 compared to the same period last year 2021, It witnessed an increase of (5.3%)."

He added, "The Central Statistics Authority, through the Index Numbers Section, prepares a monthly report on consumer price indices, which includes field follow-up of price variables, for more than (333) goods and services in all governorates, representing (88%) of the volume. The total expenditure of the Iraqi family on goods and services.

He pointed out that "the commodity totals that had the highest increase in monthly prices for the month of January of 2022 compared to December of the year 2021 was the food and non-alcoholic beverages section, which recorded an increase of 0.9 percent due to the increase in the fish section by 7.5 percent and the increase in the vegetables group by 3.4 percent." And the bread group by 0.9 percent, the fat and oils group by 0.3 percent, and the meat group by 0.1 percent.

He pointed out that "the communications department recorded a monthly increase of 3.4 percent, while the housing section also recorded a rise of 2.7 percent due to an increase in electricity and water by 15.2 percent, and the goods and services section also recorded a monthly increase of 2.3 percent."

[6ly410]

World Bank: Annual inflation declines in Iraq during 2022

https://nnciraq.com/121923/

Sunday, 17 April 2022 10:29 AM

Baghdad / National News Center

Today, Sunday, the World Bank expressed its expectations that the annual inflation in Iraq will decline to 3.3% this year, indicating that the number of people who will live in poverty in the Middle East and North Africa will be 9 million.

The bank said in a report, followed by / the National News Center /, “It is expected that the annual inflation of Iraq will decline from 6% during the year 2021 to 3.3% in the year 2022 and to 3% in the year 2023, indicating that the annual inflation of Iraq had reached 0.6 % in the year 2020.
He added that the largest inflation that countries in the Middle East and North Africa will witness is Iran, where it is expected to reach 37.6% in 2022, followed by Egypt 10% and Tunisia 6.4%, while the lowest annual inflation will be in Djibouti and Saudi Arabia by 2%.

The report also indicated that many countries in the region will witness a further rise in food prices and will be at risk of food insecurity, indicating that Djibouti, Lebanon, Syria and Yemen have witnessed sharp increases in food prices in genera

[6ly410]

The World Bank expects annual inflation in Iraq to decline to 3.3%

Last update 4/17/2022 | 1:26 pm

https://almaalomah-me.translate.goog/2022/04/17/593286/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

 

The Information/Baghdad...
The World Bank expected the annual inflation in Iraq to decline to 3.3% this year, indicating that the number of people who will live in poverty in the Middle East and North Africa will be 9 million.
. The bank said in a report, that “the annual inflation of Iraq is expected to decline from 6% during the year 2021 to 3.3% in the year 2022 and to 3% in the year 2023,” noting that "The annual inflation of Iraq had reached 0.6% in the year 2020".
The report indicated that many countries in the region will witness a further rise in food prices and will be exposed to the risk of food insecurity, indicating that Djibouti, Lebanon, Syria and Yemen have witnessed sharp increases in food prices in general.
According to the World Bank report, “the number of people who will live in poverty in the Middle East and North Africa will be 9 million between pre-pandemic levels and the end of 2022.” finished/25

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The World Bank expects annual inflation to decline in Iraq

 

 2022-04-17 15:58

 

Shafaq News/ The World Bank expected the annual inflation in Iraq to decline to 3.3% this year, indicating that the number of people who will live in poverty in the Middle East and North Africa will be 9 million.

The bank said in a report, that "the annual inflation of Iraq is expected to decline from 6% during the year 2021 to 3.3% in the year 2022 and to 3% in the year 2023, indicating that the annual inflation of Iraq had reached 0.6% in the year 2020".

He added that the largest inflation that countries in the Middle East and North Africa will witness is Iran, where it is expected to reach 37.6% in 2022, followed by Egypt 10% and Tunisia 6.4%, while the lowest annual inflation will be in Djibouti and Saudi Arabia by 2%.

The report also indicated that many countries in the region will witness a further rise in food prices and will be at risk of food insecurity, indicating that Djibouti, Lebanon, Syria and Yemen have witnessed sharp increases in food prices in general.

According to the World Bank report, "the number of people who will live in poverty in the Middle East and North Africa will be 9 million between pre-pandemic levels and the end of 2022."