Planning announces a rise in the inflation rate during last October

Ministry of Planning building
 
02/12/2021

Economy News - Baghdad

On Thursday, the Ministry of Planning announced an increase in the inflation rate for the month of October last by (0.4%), while it indicated that the annual inflation rate also rose by (6.8%).

The official spokesman for the ministry, Abdul-Zahra Al-Hindawi, said in a statement seen by "Al-Iqtisad News", that "the Central Bureau of Statistics in the ministry continues its digital monitoring of the movement of prices in the Iraqi local markets, and the qualitative report of the consumer price index for the month of October showed an increase in the inflation rate." monthly and yearly.

He added that "the commodity totals that were the highest in monthly prices, which had an impact on the inflation rate, were represented by the miscellaneous goods and services department, whose prices witnessed a rise of 4.2%, affected by the relative rise in gold prices, and the prices of the health department recorded an increase by ( 0.9%), and the prices of the fixtures, home equipment, and maintenance section increased by (0.5%), as a result of the increase in the furniture and fixtures group by (0.8%), and the household appliances group by (0.3%).

He added that "the prices of the sections of food, non-alcoholic beverages, entertainment and culture, recorded a slight increase, amounting to (0.2%)," attributing "the increase in the prices of the food section to the increase in meat prices by (2.3%), the bread and cereal group by (0.9%), and the milk group. And cheese and eggs by 0.2%, while the prices of the two groups of oils, fats, sugar and sugar products increased by (0.1%).

He stated that "the education department recorded an increase of (0.1%)," explaining that "the monthly inflation rate for the month of last September increased by (0.7%) compared to August."

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