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Expert: delayed application of customs tariffs and rising real estate prices helped lift the inflation rate
Published in: 8:28 pm, February 14, 2013 by ipa 2 Views: 174
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BAGHDAD (Iba) .. Refer economist Basil Jamil Antoine, the high inflation rate in Iraq for the non-application of the customs tariff on imported goods and the lack of internal manufacturing and the reflection of the impact of the global market inflation on the domestic market.
Said Antoine told the independent press (Iba) .. "The postponement of the application of the law of customs tariffs on imported goods pushed traders to raise the prices of imported goods in the local market, pointing out: that rising housing crisis impacted raise wages residential real estate, which was reflected in turn on raise the rate of inflation. "
He stressed, "that annual inflation rose year 2.8% The ratio of slightly Mqarndta other countries, noting: high prices of soft drinks and other high prices of imported vegetables contributed to raise the rate of inflation in the country. "
And pointed out that "the rise in energy prices in the inside of the electricity and oil derivatives contributed to the high proportion of annual inflation in Iraq."
He Antoine "The Department of the causes of inflation contributed to the reversal global process global inflation, which pumps in developing countries that depend on imports mainly weak domestic production of agricultural and industrial, stressing: that ease of import external goods, and building housing complexes significantly and distributed to the poor will contribute to reducing the rate of inflation in the country. "
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Published in: 8:28 pm, February 14, 2013 by ipa 2 Views: 174
Share on printShare on linkedinShare on facebookShare on twitterMore Sharing Services
BAGHDAD (Iba) .. Refer economist Basil Jamil Antoine, the high inflation rate in Iraq for the non-application of the customs tariff on imported goods and the lack of internal manufacturing and the reflection of the impact of the global market inflation on the domestic market.
Said Antoine told the independent press (Iba) .. "The postponement of the application of the law of customs tariffs on imported goods pushed traders to raise the prices of imported goods in the local market, pointing out: that rising housing crisis impacted raise wages residential real estate, which was reflected in turn on raise the rate of inflation. "
He stressed, "that annual inflation rose year 2.8% The ratio of slightly Mqarndta other countries, noting: high prices of soft drinks and other high prices of imported vegetables contributed to raise the rate of inflation in the country. "
And pointed out that "the rise in energy prices in the inside of the electricity and oil derivatives contributed to the high proportion of annual inflation in Iraq."
He Antoine "The Department of the causes of inflation contributed to the reversal global process global inflation, which pumps in developing countries that depend on imports mainly weak domestic production of agricultural and industrial, stressing: that ease of import external goods, and building housing complexes significantly and distributed to the poor will contribute to reducing the rate of inflation in the country. "
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