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Iraq core inflation falls to 6.1 pct yr/yr in Jan
BAGHDAD, Feb 14 (Reuters) - Iraq's core rate of inflation fell to 6.1 percent year on year in January from 7 percent in December, a central bank official said on Tuesday.
Deputy Governor Mudher Kasim said the fall compared with December was due to an easing in electricity bills and housing costs. The inflation rate was, however, significantly higher than the 5.3 percent reported for January of last year.
Iraq is slowly rebuilding from decades of war and economic sanctions. Its economy is dominated by oil, which accounts for around 95 percent of government revenue.
Core inflation strips out fuel prices.
(Reporting by Aseel Kami; Writing by Francois Murphy) Keywords: IRAQ ECONOMY/INFLATION
(francois.murphy@thomsonreuters.com)
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BAGHDAD, Feb 14 (Reuters) - Iraq's core rate of inflation fell to 6.1 percent year on year in January from 7 percent in December, a central bank official said on Tuesday.
Deputy Governor Mudher Kasim said the fall compared with December was due to an easing in electricity bills and housing costs. The inflation rate was, however, significantly higher than the 5.3 percent reported for January of last year.
Iraq is slowly rebuilding from decades of war and economic sanctions. Its economy is dominated by oil, which accounts for around 95 percent of government revenue.
Core inflation strips out fuel prices.
(Reporting by Aseel Kami; Writing by Francois Murphy) Keywords: IRAQ ECONOMY/INFLATION
(francois.murphy@thomsonreuters.com)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
[You must be registered and logged in to see this link.]
