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Planning: Lower inflation during the last month and annual rise

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Planning: Lower inflation during the last month and annual rise

Post by RamblerNash on Tue Dec 18, 2018 9:36 am

Planning: Lower inflation during the last month and annual rise



2018/12/18 9:40

(Baghdad: Al-Furat News) announced the Ministry of Planning, the decline in the rate of inflation during the month of November last by 0.5% compared with the month of October, compared to an increase in the annual inflation rate by 0.8%.

The Director of Information and Spokesman of the Ministry of Planning Abdul-Zahra al-Hindawi said in a statement received by the agency {Euphrates News} a copy of it, "the index of the month of November 2018 in Iraq has reached (105.1%) where it decreased by {0.5%} compared to October 2018 This was due to the reduction of the food and non-alcoholic beverages by (1.8%), the household equipment and maintenance (0.1%), transport (0.8%) and the recreation and culture (0.4%).

"The inflation index fell by 0.2 percent from the previous month and fell by 0.1 percent compared to 2017. The annual inflation rate in November 2018 rose to 0.8 percent compared to November 2017, {104.3%} ".

Hindawi attributed this to " the monthly change {November 2018 month compared to October 2018 month} where record food and beverage non - alcoholic decrease of {1.8%} to contribute by {97.5%} in the monthly rate of change and come changes as a result of what comes:

• Low range bread and cereals by {0.3%}.

• low meat group by {0.3%}.

• low fish group by {6.1%}.

• low fruit set by {0.1%}

• low vegetable group by {6.7%}.

Hindawi pointed to "The tobacco department recorded an increase of 0.7% to contribute by -1.0% in the monthly change rate, and the clothing and footwear section recorded an increase of 0.7% By {are} -8.3% in the monthly rate of change due to higher clothing set prices by {0.8%} and a shoe by {0.5%}. "

"The Housing Department recorded a rise of (0.1%), contributing 4.6% to the monthly change rate. The increase was due to the increase in the fuel group by 0.7%, the rental group by 0.3% By (0.2%) ".

"The household equipment and maintenance sector recorded a decrease of 0.1%, contributing 1.2% to the monthly change rate due to the decrease in the prices of the household appliances group by 0.1%. The Health Department recorded a rise of 0.8% {-7.5%} in the rate of monthly change. "

"The Transport Section recorded a decrease of 0.8%, contributing 22.2% to the monthly change rate. The communication department maintained the same level of monthly change. The Entertainment and Culture Section recorded a decrease of {0.4%} to contribute 1.5% } In the monthly change rate, and the Education Department increased by {0.1%} to contribute {-0.2%} in the rate of monthly change. "

Al-Hindawi said that "the restaurants and hotels department maintained the same level of monthly change, and the miscellaneous goods and services section increased by (0.1%) to (-0.8%)."

He pointed out that "the annual change [November 2018 compared to November 2017] and the food and non-alcoholic beverages sector increased by (2.0%) to contribute by (71.0%) in the rate of annual change and the changes come as a result of the increase of vegetables by 16.9% , The non-alcoholic beverages group increased by 0.2% and the tobacco division recorded a decrease of 0.2%, contributing -0.3% to the annual change rate. The clothing and footwear section recorded a decrease of 1.9% to 16.3% Due to the decrease in the prices of the clothing group by (1.5%) and the shoes group by (3.4%) and the housing section decreased by (0.8) %} Contributing {-28.9%} to the annual rate of change due to lower maintenance and housing services (3.6%) and rent (+ 2.2%).

"The household equipment and maintenance department recorded a decrease of 1.8%, contributing 14.9% to the annual rate of change due to the decrease in furniture and equipment prices by 2.7%, the household appliances group by 1.3% A growth of {3.1%} contributing 18.8% to the annual rate of change. The Transport Section recorded an increase of {3.8%} to 69.0% in the annual rate of change and a decrease of {2.8%} to 12.5% %) In the annual rate of change. The Recreation and Culture Section recorded an increase of 10.2%, contributing 22.3% to the annual rate of change. AED {0.7%} to contribute by {1.1%} in the annual rate of change. "

The Ministry of Planning said that "the restaurants and hotels department recorded a decline of (2.5%), contributing by (-5.4%) to the annual rate of change, and the miscellaneous goods and services division decreased by 0.7% ".is over 

http://alforatnews.com/modules/news/article.php?storytopic=37&storyid=182687
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