Iraq's inflation rate up 0.9 percent in May| MENAFN.COM

Wednesday, 08 February 2023 04:34 GMT

Iraq's inflation rate up 0.9 percent in May


(MENAFN) Iraq has seen a 0.9 percent boost in the inflation rate it recorded in May, as revealed the Iraqi Ministry of Planning.

"The rate of inflation during the month of May rose by 0.9 percent compared with the month of April," stated Ministry Spokesman Abdul-Zahra al-Hindawi.

The ministry spokesman attributed that to "the rise in the housing section by 0.1 percent and the Department of Health by 0.3 percent and transportation by 7.4 percent."

Hindawi noted that "annual inflation also increased by one percent, compared to May 2017, while the core inflation index rose by one percent from April, and the annual basis rose by 0.9 percent."

He added "the price collection process conducted by the Central Bureau of Statistics during the month of May did not include Nineveh Province and did not calculate the standard figures during the month because of the prevailing conditions."

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