High inflation and planning reveal the cause

by **RamblerNash** Sun Nov 18, 2018 12:18 pm

High inflation and planning reveal the cause

2018/11/18 12:49

(Baghdad: Al Furat News) The Ministry of Planning, the monthly inflation rate increased by 0.5% during the month of October compared to the month of September, which preceded it.

"The annual rate of inflation during the last month rose by 1.1 percent, compared to the same month last year, 2017," the ministry's spokesman, Abdul-Zahra al-Hindawi, said in a statement received by the Euphrates News Agency.

He attributed the reasons for the monthly rise in inflation to the rise of food and non-alcoholic beverages by 3.5%, the Department of Health by 0.4% and entertainment by 1.1%.

He added that "the annual inflation rate of 1.1% was affected by the increase of food and non-alcoholic beverages by 5.1%, compared with the decline of the housing section by 2.7% as a result of the drop in the index of water supply and electricity by 4.8%."

"The Transport and Health Section recorded a rise of 4.5% and 2.5% respectively," pointing out that other divisions have seen a rise and the other decreased during the last 12 months, as the Department of entertainment and culture rose by 9.9% And hotels decreased by 2.5%, and decreased the Department of home appliances and maintenance by 1.6%. "

As for the basic inflation, between Hindawi," the index rose during the month of October by 1.1%, compared with the month of October of 2014 " .is over

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