Deputy Governor of the Central Bank of the appearance of Mohammed Saleh inflation annual basis for the month of July to 140.7% compared with the foundation’s annual inflation for the month of June, who scored 139.6%, up by 0.8%. “
Saleh said in a press statement that “inflation has been rising by 5.9 percent for the month of July of last year 2011.”
He added that “the Bank excludes from the indicators of inflation derivatives of oil and gas within the Department of fuel and two sets of fruits and vegetables sub within the Department of Food and non-alcoholic beverages as prices volatile and unstable, “adding that” the annual inflation basically known universally represents pressure spending continuing. “
Saleh attributed the rise in inflation to “price pressures at home from services such as housing, electricity and food costs after the low prices of industrial goods to the dollar zone in the base year 2005 by 35%. “
He continued that “encourage housing and land distribution will reduce the cases of high inflation in Iraq. “
Saleh said that “inflation is still reasonable and controlled by as long as it did not up to two places decimal places,” noting that “the bank will take certain actions such as the use of a reference interest rate or other measures in the event of continuing inflation and bringing them to two places decimal places. “
