Monday, March 19, 2012

Economist expects higher inflation due to the increase in food prices

Monday 19/03/2012

Baghdad (news) .. Expect a specialist in economic affairs Mohammad Ali Dargham high rates of inflation for the month, due to the increase in food prices during the current period, especially the price of vegetables and fruits.
Said Mohammad Ali (of the Agency news) said on Monday: There is preventing full import outside of the vegetables and fruits by the Ministry of Agriculture under the pretext of supporting the local product, which led to increases in food prices in local markets, adding that the Ministry of Agriculture has remained silent in front of this elevation, indicating that they do not know what is happening in the local Alosouk.
He called for: the need to minimize the import of foreign fruits and vegetables and not a complete prohibition, and that the process is for a limited period until the entry into force of the local stock of food, because it would hurt the Iraqi economy in terms of high rates of inflation in the country.

He favored the competent economic affairs: the increase of inflation rates during the month in contrast to the previous months in the event of continuing the State and the Ministry of Agriculture to prevent the import of foreign food and work to reduce their prices in local markets.
This may be seen in the domestic market, a big increase prices of food, especially vegetables and fruits as a result of the Ministry of Agriculture to prevent the importation of such material from abroad to support the local product. / Finished / 8. D. Q /

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