Iraq’s Economic Center

The Iraqi Ministry of Planning announces that the rate of inflation during March decreased

The Ministry of Planning announced on Monday that the rate of inflation during the month of March decreased by 0.3 percent compared to the previous February, and the annual inflation rate for the period from March 2017 to the same month of this year decreased by 0.8 percent %).

The official spokesman of the Ministry of Planning, Abdul-Zahra al-Hindawi, said in a statement that the reasons for the decrease in monthly inflation were due to the decrease in the rates of tobacco and transport by (0.2%) each, housing by (1%), , 3%) each and the Restaurants section decreased by (0.1%)

He added that the process of collecting prices for the month of March last included all Iraqi provinces except Nineveh province, which was not covered by the process because of the prevailing conditions, indicating that the reasons for the decline in annual inflation rate during the period from March 2017 to March of this year (0.8%) is due to The Department of Education increased by (0.8%), the health department increased by (1.7%), and the education section increased by (2.9%), ), And miscellaneous goods and services increased by 2.2%. Source


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