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High rates of inflation and increasing prices of construction materials
June 5 2011
Markets have witnessed a construction materials and construction in Baghdad and the provinces price rises slightly, and attributed the watchers of this had to of large turnout on the construction by the government and citizens, thanks to improved the security problems in Iraq, which has contributed to raising prices of construction materials such as Home bricks, cement, Iron bars armament, in the meantime announced Central Statistical Organization for the high rates of inflation, the basis for the month of April compared to the same month last year.
Stressing that this increase due to rising costs of services and some goods and materials, while the report pointed out that the device that the index of consumer prices stood at 131.0 percent in the month of April 2011, recording an increase of 0.8 percent last month and by 5.8 percent compared with April 2010, Reduce the adviser to the CBI the appearance of Mohammed Saleh fears of rising inflation, annual basis, indicating that the big-spending and import of the main reasons leading to the increase in inflation in the country, to the dollar has seen prices vary slightly during the past week, recording the sale price was 1120 dinars in the stock markets, local own, which shares concerned by the high prices of some materials and services in Baghdad and other provinces ..
The markets witnessed selling construction materials within the building elevations hampered the many building projects and housing units for citizens in general and the staff of them in particular, and expectation are interested to continue this rise coincided with the improvement of the security problems that led to the entry of many of the investment companies specialized in construction, which proceeded to provide all the requirements of construction materials from the local market, which AbdulSehada attributed a seller of construction materials in Baghdad to an increase of demand are the decline in supply resulted in the conclusion to a rise of some types of bricks and cement in particular, and Abdel-Gentlemen, that that will continue to rise during the summer months in particular for people wanting to build in those days, unlike the rest of the seasons according to the seller ..
The Central Bureau of Statistics said there were slight rises in the price of housing over the past month, indicating in its monthly report that the prices of this section have been rising during the last month by 0.9 percent compared to the previous month, attributing this to higher prices in the Kurdistan region by 0.1 percent in the region center by 1.4 percent in the South by 0.1 percent, indicating that the prices of this section have risen by 12.1 percent compared to prices to the month of April 2010, due to rising in house rents by 9.5 percent, as well as the prices of wages of electricity after the application of new rates where the total rise by 100 percent.
According to the economist and professor at the Faculty of Business and Economics Mustansiriya University Dr. Falah Thuwaini, the rates of the homes will continue to rise in parallel with a number of factors said to be in the forefront of high prices of basic construction materials (brick - cement - Shish armament). Indicating Speaking (morning) that the government's drive towards the creation of housing complexes, a giant reconstruction and ongoing construction, which helped the stable security situation on the doubled during the last factors have contributed to higher construction materials and led to increased prices in the domestic market, calling at the same time establishing an industrial base sober take it upon themselves to provide those materials to best suit the needs of the local market and contribute to the reduction of the height of those articles which are imported, mostly in the present time.
To announce that the Central Bureau of Statistics the high rate of inflation for the month of April increased by 0.8 percent compared to last March, and high annual inflation for the same month increased by 8.5 percent compared to April of 2010, called for a number of economists to warn of the consequences of continued high rates of inflation and its impact directly on citizens, according to economic researcher was raised good, the persistence of high inflation rates would disrupt many of the economic achievements made over the common folk years, Hassan said during his speech for the (morning) that the return rates of inflation to rise again will absorb many of the financial benefits that enjoyed by workers in the public sector specifically as well as generating significant social pressure on low-income and warned of the growing rates of poverty in Iraq and height of a cross and development plans initiated by the government and the judge to reduce poverty ..
Meantime reduced the Chancellor at the CBI appearance of Dr. Mohammed Saleh the risk of high inflation rates in Iraq again, stressing that the annual inflation basis, which was announced by the Ministry of Planning is not large and is considered under control in such circumstances that Iraq is going through, " noting that "the Bank as on the maintenance of price stability in the markets, will take certain actions such as using a reference interest rate or other proceedings in the case of the continued increase in inflation in Iraq." Attributing the reasons for the high annual inflation to "big spending is currently in Iraq, whether by the state or the citizen, as well as on the operations of large import from outside the country.
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June 5 2011
Markets have witnessed a construction materials and construction in Baghdad and the provinces price rises slightly, and attributed the watchers of this had to of large turnout on the construction by the government and citizens, thanks to improved the security problems in Iraq, which has contributed to raising prices of construction materials such as Home bricks, cement, Iron bars armament, in the meantime announced Central Statistical Organization for the high rates of inflation, the basis for the month of April compared to the same month last year.
Stressing that this increase due to rising costs of services and some goods and materials, while the report pointed out that the device that the index of consumer prices stood at 131.0 percent in the month of April 2011, recording an increase of 0.8 percent last month and by 5.8 percent compared with April 2010, Reduce the adviser to the CBI the appearance of Mohammed Saleh fears of rising inflation, annual basis, indicating that the big-spending and import of the main reasons leading to the increase in inflation in the country, to the dollar has seen prices vary slightly during the past week, recording the sale price was 1120 dinars in the stock markets, local own, which shares concerned by the high prices of some materials and services in Baghdad and other provinces ..
The markets witnessed selling construction materials within the building elevations hampered the many building projects and housing units for citizens in general and the staff of them in particular, and expectation are interested to continue this rise coincided with the improvement of the security problems that led to the entry of many of the investment companies specialized in construction, which proceeded to provide all the requirements of construction materials from the local market, which AbdulSehada attributed a seller of construction materials in Baghdad to an increase of demand are the decline in supply resulted in the conclusion to a rise of some types of bricks and cement in particular, and Abdel-Gentlemen, that that will continue to rise during the summer months in particular for people wanting to build in those days, unlike the rest of the seasons according to the seller ..
The Central Bureau of Statistics said there were slight rises in the price of housing over the past month, indicating in its monthly report that the prices of this section have been rising during the last month by 0.9 percent compared to the previous month, attributing this to higher prices in the Kurdistan region by 0.1 percent in the region center by 1.4 percent in the South by 0.1 percent, indicating that the prices of this section have risen by 12.1 percent compared to prices to the month of April 2010, due to rising in house rents by 9.5 percent, as well as the prices of wages of electricity after the application of new rates where the total rise by 100 percent.
According to the economist and professor at the Faculty of Business and Economics Mustansiriya University Dr. Falah Thuwaini, the rates of the homes will continue to rise in parallel with a number of factors said to be in the forefront of high prices of basic construction materials (brick - cement - Shish armament). Indicating Speaking (morning) that the government's drive towards the creation of housing complexes, a giant reconstruction and ongoing construction, which helped the stable security situation on the doubled during the last factors have contributed to higher construction materials and led to increased prices in the domestic market, calling at the same time establishing an industrial base sober take it upon themselves to provide those materials to best suit the needs of the local market and contribute to the reduction of the height of those articles which are imported, mostly in the present time.
To announce that the Central Bureau of Statistics the high rate of inflation for the month of April increased by 0.8 percent compared to last March, and high annual inflation for the same month increased by 8.5 percent compared to April of 2010, called for a number of economists to warn of the consequences of continued high rates of inflation and its impact directly on citizens, according to economic researcher was raised good, the persistence of high inflation rates would disrupt many of the economic achievements made over the common folk years, Hassan said during his speech for the (morning) that the return rates of inflation to rise again will absorb many of the financial benefits that enjoyed by workers in the public sector specifically as well as generating significant social pressure on low-income and warned of the growing rates of poverty in Iraq and height of a cross and development plans initiated by the government and the judge to reduce poverty ..
Meantime reduced the Chancellor at the CBI appearance of Dr. Mohammed Saleh the risk of high inflation rates in Iraq again, stressing that the annual inflation basis, which was announced by the Ministry of Planning is not large and is considered under control in such circumstances that Iraq is going through, " noting that "the Bank as on the maintenance of price stability in the markets, will take certain actions such as using a reference interest rate or other proceedings in the case of the continued increase in inflation in Iraq." Attributing the reasons for the high annual inflation to "big spending is currently in Iraq, whether by the state or the citizen, as well as on the operations of large import from outside the country.
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