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Planning reduces the fears of rising inflation
Date: Monday 21/5/2012 6:52
Baghdad / range
reduced the spokesman of the Ministry of Planning Abdul-Zahra al-Hindawi, the fears of rising inflation, describing it Batabieih compared to other countries.
Hindawi said, according to the Agency (news): There are several reasons why inflation index in Iraq is increasing the most important increase in food prices (vegetables and fruits) and beverages in general and by (3%) in the local markets, in addition to the wage increase rate of housing (14%) since April of 2011 to April 2012, making the rate of general inflation in the country (8.7%).
He added that inflation rates rose in all countries of the world during this period due to increased population growth, pointing out that the Iraqi economy is part of the global economy, adding that the indicators of inflation will stabilize in the coming years in the country in case the application of five-year plan developed by the Ministry of Planning for the development of the Iraqi economy as well as the implementation of housing plans established by the Ministry of Housing and Reconstruction.
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