Planning announces measures to reduce inflation in the country
Economie | 03:37 - 04/10/2021
Baghdad - Mawazine News
The Ministry of Planning announced, on Monday, measures to reduce inflation, while it indicated that it increased in the month of August, compared to the same month of last year, by 8%.
The ministry's spokesman, Abdul-Zahra Al-Hindawi, told the official news agency, "Inflation witnessed a rise in its rates after the change in the exchange rate of the dollar in November of last year, as it initially rose to 4% and after that witnessed stability, there is a monthly rise in rates." Inflation has begun to decline.
Al-Hindawi added that "inflation rose last month by 0.5%, but the cumulative rise from November of last year to August of this year reached 6.5% due to the accumulation of monthly rise, and by comparing the month of August of this year with its counterpart last year, we will find The rise in inflation rates reached about 8%.
He pointed out that "prices are the ones that affect the rise in inflation, as it is possible for prices to rise and the inflation index to rise, meaning that a person, with his money, is unable to buy his goods because of high prices, and the result is due to monthly inflation."
Al-Hindawi added, "The measures required to reduce inflation are to
maintain prices on an ongoing basis and to
provide goods and commodities in the market, and on the other hand,
increase the volume of investment, which leads to a reduction in inflation." Ended 29/R77