Monday, July 15, 2013

Economist: Inflation rates in the country, up continuously due to the fluctuation of the exchange rate of the dinar

15-07-2013

Baghdad (news) .. Economic expert ruled out Abbas Ghalibi, having low inflation rates last month, indicating that the data are not considered a real indicators as what are speculative.

And said Ghalibi (of the Agency news): The decimal salaries reduced by inflation to not be considered a real indicators of quality standards as far as what is considered speculative and discretionary.

He added: rates of inflation continues to rise due to the difference of the dinar exchange rate between the period and the other toward the foreign currency as well as the policy is correct and dysfunctional in the management of the Central Bank of the new, as well as the rise witnessed in system prices, which negatively affects the inflation indicators adopted by the Ministry of Planning .

And predicted Ghalibi: that high rates of inflation in the coming months, stressing that the proportions are not true.
It is noted that the Ministry of Planning and Development Cooperation announced a decrease in the inflation index for the month of June, and at a rate of 1% and rising annually at a rate of 2%. / End / 5. H. P /

Economist: Inflation rates in the country, up continuously due to the fluctuation of the exchange rate of the dinar
Baghdad (news) .. Economic expert ruled out Abbas Ghalibi, having low inflation rates last month, indicating that the data are not considered a real indicators as what are speculative.

And said Ghalibi (of the Agency news): The decimal salaries reduced by inflation to not be considered a real indicators of quality standards as far as what is considered speculative and discretionary.

He added: rates of inflation continues to rise due to the difference of the dinar exchange rate between the period and the other toward the foreign currency as well as the policy is correct and dysfunctional in the management of the Central Bank of the new, as well as the rise witnessed in system prices, which negatively affects the inflation indicators adopted by the Ministry of Planning .

And predicted Ghalibi: that high rates of inflation in the coming months, stressing that the proportions are not true.
It is noted that the Ministry of Planning and Development Cooperation announced a decrease in the inflation index for the month of June, and at a rate of 1% and rising annually at a rate of 2%. / End / 5. H. P /

Link