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Iraq: Inflation rises to 5.7%


Don Paul
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Iraq: Inflation rises to 5.7% due to high electricity prices - AK News

Baghdad, April 21 (AKnews) - The advisor to the Iraqi Central Bank (ICB) said on Thursday that inflation has jumped from 5.5% in February to 5.7% due rising electricity prices in Iraq.

Muzher Mouhammed told AKnews that the high rate of inflation in Iraq is due to the March hike in electricity prices.

"TheIraq: Inflation rises to 5.7% due to high electricity prices - AK News

Baghdad, April 21 (AKnews) - The advisor to the Iraqi Central Bank (ICB) said on Thursday that inflation has jumped from 5.5% in February to 5.7% due rising electricity prices in Iraq.

Muzher Mouhammed told AKnews that the high rate of inflation in Iraq is due to the March hike in electricity prices.

"The rising inflation simply affects the economy but does not compromise the value of the Iraqi Dinar," he assured, "...the ICB has taken steps to curb increases in inflation".

The main task of the ICB is to maintain price stability, to implement monetary policy, to manage foreign currency reserves, to issue currency and to regulate the banking sector.

Rn/Ka/AKnews © AK News 2011

simply affects the economy but does not compromise the value of the Iraqi Dinar," he assured, "...the ICB has taken steps to curb increases in inflation".

The main task of the ICB is to maintain price stability, to implement monetary policy, to manage foreign currency reserves, to issue currency and to regulate the banking sector.

Rn/Ka/AKnews © AK News 2011

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Iraq: Inflation rises to 5.7% due to high electricity prices - AK News

Baghdad, April 21 (AKnews) - The advisor to the Iraqi Central Bank (ICB) said on Thursday that inflation has jumped from 5.5% in February to 5.7% due rising electricity prices in Iraq.

Muzher Mouhammed told AKnews that the high rate of inflation in Iraq is due to the March hike in electricity prices.

"TheIraq: Inflation rises to 5.7% due to high electricity prices - AK News

Baghdad, April 21 (AKnews) - The advisor to the Iraqi Central Bank (ICB) said on Thursday that inflation has jumped from 5.5% in February to 5.7% due rising electricity prices in Iraq.

Muzher Mouhammed told AKnews that the high rate of inflation in Iraq is due to the March hike in electricity prices.

"The rising inflation simply affects the economy but does not compromise the value of the Iraqi Dinar," he assured, "...the ICB has taken steps to curb increases in inflation".

The main task of the ICB is to maintain price stability, to implement monetary policy, to manage foreign currency reserves, to issue currency and to regulate the banking sector.

Rn/Ka/AKnews © AK News 2011

simply affects the economy but does not compromise the value of the Iraqi Dinar," he assured, "...the ICB has taken steps to curb increases in inflation".

The main task of the ICB is to maintain price stability, to implement monetary policy, to manage foreign currency reserves, to issue currency and to regulate the banking sector.

Rn/Ka/AKnews © AK News 2011

inflation actually raises the value of the dinar this is good for us ............

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