Central: Annual inflation is not large and under control
9/20/2012

electronic / Baghdad: Central Bank announced that "the foundation's annual inflation which was announced by the Ministry of Planning, and is considered under control in such circumstances through which Iraq . "

The deputy governor of the Bank, the appearance of Mohammed that "inflation rate basis for the month of August, rose to 14.0%," attributing the cause to "rise in housing prices, and private rentals . "

He added that "the annual inflation rate basis for the month of August rose by 0.2% compared to the base with inflation for the month of July . "
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He explained that "inflation annual basis for the month of August also rose to 5.0 percent, compared to the base annual inflation for the month of August of 2011, noting that the foundation's annual inflation internationally known, which represents ongoing spending pressures . "

He attributed the rise in annual inflation due to rising housing prices and accommodation rate of 10.0 compared to prices in the month of August 2011 due to higher rents for residential buildings fell 13.2 %. "

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