Core Inflation Increases to 5.2%

By John Lee.

Iraq’s core inflation rate rose to 5.2 percent year-on-year in September, up from 5 percent year-on-year in August.

Speaking to Reuters on Tuesday, Mudher Kasim [Mudher Saleh], deputy governor of the Central Bank of Iraq (CBI), blamed the increase on higher food prices and the start of the school year.

Core inflation strips out fuel prices.

(Source: Reuters)

Comments are closed.