Iraqi Planning: the high inflation for the past month was 1.4%

12/02/2012 13:50

Baghdad, February 12 (Rn) - The Iraqi Ministry of Planning on Tuesday, a rise in inflation for the month of January by 1.4% compared with last December, and the rate of inflation for the past month has reached 1% compared to last November.

He said the ministry spokesman Abdul Zahra al-Hindawi told the Kurdish news agency (Rn) that "the rate of inflation for the month of January rose by 1.4% compared with last December."

"The housing has increased prices during the month of January by 2.6% compared to the previous month which was a high rate of 0.3% compared to prices in the month of November, due to high rents Alldoralexanah."

He continued that "the Department of Food and non-alcoholic beverages rose during the month of last December's rate of 1.6% compared to the previous month."

And inflation is excessive in the general level of prices and rising incomes of cash, as well as high costs and create excessive cash balances.

Link