The Ministry of Planning expected the stability of the economic and financial situation related to the movement of the dollar’s exchange rate in the local markets.
“By following up on the inflation indicators affected by the rise in the dollar, there is stability in prices, as last April was 0.1, and in March inflation was 0.6, and in February it was 0.7 and December was 0.8,” ministry spokesman Abdul Zahra Al-Hindawi said.
“We notice a stabilization and a decline in inflation rates, as a result, the economic and financial situation associated with the price movement will stabilize,” he added.
The Ministry of Planning announced earlier today, Wednesday, that the monthly inflation rate increased during the month of April, by 0.1% compared to the previous month.
She said in a statement, “The Central Bureau of Statistics continues to monitor price movement in the Iraqi local markets, in all governorates, on an ongoing basis, and on the basis of this monitoring it releases its monthly qualitative report for the index and consumer prices, which indicates monthly inflation rates.”
She added, “The first digital qualitative report to monitor the changes accompanying the change in the dollar’s exchange rate, was during the month of December of last year, which showed an increase in the rate of inflation, by (3.3%), compared to the month of November, which witnessed an increase in the exchange rate.”
The planning pointed out, “The inflation rates continued to rise slightly during the past four months of the current year, adding that the inflation rate rose by (0.8%) during the month of January, and in February it increased by (0.7%), and it rose during the month of March. By (0.6), while the rate of increase in the inflation rate during the month of April was (0.1%), revealing that the cumulative rise in inflation rates during the past six months (from November 2020 to April 2021) amounted to (5.6%). .
Source & Image Source: alforatnews.com