Iraq’s inflation rate 0.6% higher in April: government

Ammar, an Iraqi child, sells vegetables and fruits in a market in eastern Mosul, Iraq April 20, 2017. REUTERS/Muhammad Hamed

Baghdad ( Iraq’s inflation indices moved up by 0.6% during the month of April compared to the preceding month, according to the Iraqi government, which said the change represents a 1% surge from April 2016.

Spokesperson of the Iraqi Planning Ministry Abdul-Zahra al-Hindaw attributed the increase in a rise in food and non-alcoholic beverages prices by 2.2%, besides 0.4% and 0.1% in housing and tobacco prices respectively.

The report was based on a survey that, for the first time since June 2014, covered Salahuddin province, but excluded Nineveh and Anbar due to the security situation there.

The consumer prices index rose by 105.1% during April compared to 2012, according to the spokesperson.

Poverty rates at the whole of Iraq  stood at 30%, making more than 41% at terrorism-hit areas, the planning ministry said in November.



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