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Expert expects lower inflation rates ..
ID number: 2427 Issue Date: 25/12/2011 Day: Sunday
Last Updated: 12/25/2011
BAGHDAD - Follow-up:
Expert suggested economic peace Sumaisem lower rates of inflation in the Iraqi economy in the coming period, explaining the reasons for rise in the current period to pump large amounts of cash to the Iraqi market.
The Sumaisem: that the causes of increasing rates of inflation in Iraq during the current period due to pump large amounts of cash into local markets through the distribution of loans and advances and salary increases, and continued: in addition to a deficiency in the production local, ie, there is great demand for goods for viewing limited in the market, this leads to increased rates of inflation in the Iraqi market.
She pointed out: that citizens have emerged new patterns of consumption as a result of trade liberalization around the world, so it becomes the amount of goods and services sold in the domestic market is less income available to the individual, it also leads to inflation in the Iraqi market.
She said economic expert: that inflation will fall during the coming period as a result of the Iraqi dinar exchange rate, which fell long ago, and now almost returned to its price, they followed the differences between the Iraqi exchange rate will be lower rates of inflation in the Iraqi economy. Earlier, the Ministry of Planning and Development Cooperation for the registration of a slight rise in indicators of inflation in Iraq for the month of October last rose 0.3% compared with September the previous year.
The earlier statement that the Ministry of inflation indicators for the period from October 2010 until October 2011 saw the other is increased by 5%. The statement added that the Central Bureau of Statistics inflation report completed for the month of October 2011 which was prepared on the basis of collected field data on the prices of goods and services components of the consumer basket of selected sample of outlets in all provinces of the country.
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ID number: 2427 Issue Date: 25/12/2011 Day: Sunday
Last Updated: 12/25/2011
BAGHDAD - Follow-up:
Expert suggested economic peace Sumaisem lower rates of inflation in the Iraqi economy in the coming period, explaining the reasons for rise in the current period to pump large amounts of cash to the Iraqi market.
The Sumaisem: that the causes of increasing rates of inflation in Iraq during the current period due to pump large amounts of cash into local markets through the distribution of loans and advances and salary increases, and continued: in addition to a deficiency in the production local, ie, there is great demand for goods for viewing limited in the market, this leads to increased rates of inflation in the Iraqi market.
She pointed out: that citizens have emerged new patterns of consumption as a result of trade liberalization around the world, so it becomes the amount of goods and services sold in the domestic market is less income available to the individual, it also leads to inflation in the Iraqi market.
She said economic expert: that inflation will fall during the coming period as a result of the Iraqi dinar exchange rate, which fell long ago, and now almost returned to its price, they followed the differences between the Iraqi exchange rate will be lower rates of inflation in the Iraqi economy. Earlier, the Ministry of Planning and Development Cooperation for the registration of a slight rise in indicators of inflation in Iraq for the month of October last rose 0.3% compared with September the previous year.
The earlier statement that the Ministry of inflation indicators for the period from October 2010 until October 2011 saw the other is increased by 5%. The statement added that the Central Bureau of Statistics inflation report completed for the month of October 2011 which was prepared on the basis of collected field data on the prices of goods and services components of the consumer basket of selected sample of outlets in all provinces of the country.
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