Iraq’s Core Inflation Slows

Trade Arabia reports that Iraq’s core inflation slowed to 6.2 per cent in May, down from 6.7 per cent in April.

The fall was due to a drop in the costs of food and housing said Mudher Kasim, deputy governor of the central bank.

In April, the country saw high annual inflation mainly due to the housing sector and to fluctuations in the exchange rate. “Core inflation” is a measure that strips out fuel prices.

(Source: Trade Arabia)

Comments are closed.