Reuters: Iraq core inflation 7.1pc in July
Iraq’s core annual inflation rate quickened to 7.1 percent in July from 6.4 percent in June, driven mainly by higher housing rental prices and an increase in the cost of building materials, a central bank official said on Thursday.
Deputy Governor Mudher Kasim told Reuters the slow response by government in addressing Iraq’s chronic housing shortage had continued to push prices up. LINK
Ak news: Iraq: the inflation rate last July was 6.2%
Baghdad, August 18 / August (Rn) – The Iraqi Ministry of Planning and Thursday for the high rate of annual inflation in the country for the month of July last for up to 6.2%.
And decreased the rate of inflation in the month of June last to reach 6.1% compared to May / May when the rate had grown to 6.3 driven by the cost of imported goods and services.
The program helps the ration card in the absorption of some price increases and the central bank says it expects the annual inflation remains in single digits.
And inflation is the excessive rise in the general level of prices and higher cash incomes as well as high costs and create excessive cash balances.