Planning: inflation in Iraq within the logical rates
Economie| 08:51 - 20/02/2022
Baghdad - Mawazine News
The Ministry of Planning announced, on Sunday, that Iraq has not witnessed a wild rise in inflation rates, while revealing measures to ensure that it does not rise in the coming years.
Ministry spokesman Abdul-Zahra Al-Hindawi said that "many internal and external factors affect the annual inflation," noting that
"inflation indicators during the current year witnessed an increase in their rates compared to what they were in 2021."
He explained, "Inflation indicators witnessed an increase of about 6 percent compared to what they were in the past year," noting that
"the factors of rising and declining inflation depend on the size of the currency in circulation, as well as the volume of investments and imports."
He added, "Inflation in Iraq is rising at reasonable rates according to the economic reality, in addition to the size of the monetary mass in circulation and the percentage of investment," stressing that
"Iraq has not witnessed a wild rise in inflation rates, and it is not expected to witness this in the coming years,
especially since the monetary mass Trading is witnessing stability in the markets, in addition to the investment movement throughout the country witnessing a remarkable improvement, especially in the housing sector and the implementation of government projects.