Varied readings economists Iraqis regarding the reasons for the high rate of inflation is the basis for the month of June, which amounted to 6.4% according to a statement the Iraqi Central Bank’s measure indicators of inflation.
In his analysis of the Radio Free Iraq on the impact of high inflation on the economies of the ordinary citizen and the general situation of the domestic market, said a researcher at the Center for Economic Studies, University of Mustansiriya Star-Bayati, “The actions of the General Authority for Customs judge would impose tax on the entry of imported goods, especially consumer of the reason the foundation in the high index of prices and thus higher inflation.”
The economic expert as Abdul Hadi Faazzo high rate of inflation to “Iqbal people obviously to buy food group, which has the greatest weight among the commodity groups, other consumer and stored in preparation for the holy month of Ramadan.” However, other economists believe that high inflation mainly to the level of 6.4% is not only a natural extension of the high index of global inflation as economic analyst points out that the beautiful name of “increasing global demand for food agricultural production declined significantly higher grain prices led to significantly raising the course of the rate of inflation.”
For his part, said Professor of Economics at the University of Mustansiriya Abdul Rahman al-Mashhadani, “that Central Bank still relies in the measurement of inflation on the current prices of the basket of material goods in the market, which gives misleading results from the fact the level of inflation. “
With the consensus of economists that the rise recorded by the inflation index for the month of June “will expand the circle of damage to the economies of the citizen, especially of slides poor “, they stressed that this increase” is expected to increase as long as the ongoing Iraq depends almost entirely on the needs to cover import and continued to stop for the local productive sector. “
In clarification, it was said economic analyst Bassem Jamil that “the absence of economics course the government is clear after almost eight months of age of the current government” could lead to “the deteriorating situation of inflation day after day, even with continued assurances CBI judge that he is still under control.