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Expert expects lower inflation rates
Attributes the rise to pump large amounts of money into the market
Translated by Iraqdirectory.com -
[12/28/2011]
The economic expert, Salam Sumaisem suggested 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 into the Iraqi market.
Sumaisem said on Saturday: 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 malfunction of local productive, i.e., there is great demand for goods versus limited offer 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.
The economic expert said that the 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 announced for the registration of a slight rise in indicators of inflation in Iraq for October last rose 0.3% compared with September the previous year.
The earlier statement of the Ministry said that the inflation indicators for the period from October 2010 until October 2011 witnessed an increased by 5%.
The statement added that the Central Bureau of Statistics achieved the inflation report for 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 samples of outlets in all provinces of the country.
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Attributes the rise to pump large amounts of money into the market
Translated by Iraqdirectory.com -
[12/28/2011]
The economic expert, Salam Sumaisem suggested 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 into the Iraqi market.
Sumaisem said on Saturday: 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 malfunction of local productive, i.e., there is great demand for goods versus limited offer 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.
The economic expert said that the 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 announced for the registration of a slight rise in indicators of inflation in Iraq for October last rose 0.3% compared with September the previous year.
The earlier statement of the Ministry said that the inflation indicators for the period from October 2010 until October 2011 witnessed an increased by 5%.
The statement added that the Central Bureau of Statistics achieved the inflation report for 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 samples of outlets in all provinces of the country.
[You must be registered and logged in to see this link.]
