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• New statistics indicate high index of inflation
Mohammad Karim
15.02.2012
Despite the steps that the Iraqi Central Bank confirms that it is taking since 2005 to reduce inflation, but that the statistics contained in the recent reports of the Central Agency of Statistics, Ministry of Planning refers to the growing rates of inflation year after year.
In statements to Radio Free Iraq, he spoke ministry spokesman Abdul Zahra al-Hindawi for high index annual general inflation by (5%) from last year, saying, "The main reason is due to the apparent increase in rent and housing throughout Iraq, which in turn led to a corresponding increase in the general index of prices on various goods and services. "
But Hindawi said that the size of the current rise of the index's annual overall inflation not a cause for concern that forecasts by the Central Bureau of Statistics, "based on scientific data field confirms all of the fact that this rise in the way to the marked decline during the next two years because of housing policies adopted by the government during the current circumstances and projects initiated work in this direction. "
Iraqi economists saw their part, the lack of reliability of forecasts by Statistics Authority that the causes of some related to the loss of citizen confidence statements governmental organizations on housing projects with respect to each other by the fact that these projects even if they started work in virtually the history of concrete for the results on the ground needs to be over a long time.
In this regard, the President signed the Economic Media Center non-governmental Dargham Muhammad Ali "to continue rising inflation to rise each year and that the burdens borne by the citizen at the increase of the growing demand for housing with a lack of supply." He believed that the high price index, rents and housing "is not the main reason for the rise in the general index of prices on various goods and services that the real reasons for this is derived from imported inflation through imports of goods and commodities to mention the deterioration of the economies of neighboring countries, which reflected negatively on the fact fragile economy Iraq. "
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Mohammad Karim
15.02.2012
Despite the steps that the Iraqi Central Bank confirms that it is taking since 2005 to reduce inflation, but that the statistics contained in the recent reports of the Central Agency of Statistics, Ministry of Planning refers to the growing rates of inflation year after year.
In statements to Radio Free Iraq, he spoke ministry spokesman Abdul Zahra al-Hindawi for high index annual general inflation by (5%) from last year, saying, "The main reason is due to the apparent increase in rent and housing throughout Iraq, which in turn led to a corresponding increase in the general index of prices on various goods and services. "
But Hindawi said that the size of the current rise of the index's annual overall inflation not a cause for concern that forecasts by the Central Bureau of Statistics, "based on scientific data field confirms all of the fact that this rise in the way to the marked decline during the next two years because of housing policies adopted by the government during the current circumstances and projects initiated work in this direction. "
Iraqi economists saw their part, the lack of reliability of forecasts by Statistics Authority that the causes of some related to the loss of citizen confidence statements governmental organizations on housing projects with respect to each other by the fact that these projects even if they started work in virtually the history of concrete for the results on the ground needs to be over a long time.
In this regard, the President signed the Economic Media Center non-governmental Dargham Muhammad Ali "to continue rising inflation to rise each year and that the burdens borne by the citizen at the increase of the growing demand for housing with a lack of supply." He believed that the high price index, rents and housing "is not the main reason for the rise in the general index of prices on various goods and services that the real reasons for this is derived from imported inflation through imports of goods and commodities to mention the deterioration of the economies of neighboring countries, which reflected negatively on the fact fragile economy Iraq. "
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