Core Inflation Drops to 5.9%

By John Lee.

Iraq’s core inflation rate dropped to 5.9 percent year-on-year in July, Mudher Kasim, deputy governor of the Iraqi Central Bank, has told Reuters.

The figure is down from 6.1 percent in June.

Core inflation strips out fuel prices.

(Source: Reuters)

2 Responses to Core Inflation Drops to 5.9%

  1. Stew August 22, 2012 at 7:46 pm #

    This is good news for Iraq. The lower the inflation rate is the more likely they are to lop their currency.

  2. 2collectg August 25, 2012 at 2:03 pm #

    the LIFTING OF THE LARGE NOTES ARE DONE! NO LOP!!! SHABS TOOK OUT 12 TRILLION OVER THE LAST 3 MONTHS AND NOW THEY`RE READY TO EXPLODE BACK ON TO THE INTERNATIONAL SCENE!! THE US DELEGATION WHO IS EXPECTED TO ARRIVE SOON IS NOT THERE TO TALK ABOUT IRAN OR SYRIA IT`S RV TIME!!! BIG ANNOUNCEMENT SOON!!! THERE IS NO OTHER REASON IN THE WORLD TO HAVE SUCH A HIGH LEVEL WITH SO MANY TOP LEVEL PEOPLE IN ONE SPOT TO JUST TALK!!!!