The Central Bank excluding petroleum oil and gas inflation indicators

Date: Monday, 25-06-2012 04: 50 pm



Baghdad (News) ... The Central Bank ruled out the petroleum oil and gas indicators of inflation in Iraq, stressing that the Iraqi dinar will be able to reduce inflation.

He appearance of Deputy Central Bank Governor Mohammad Saleh told (News Agency news) on Monday that the Central Bank would exclude petroleum oil and gas into fuel section as well as two sets of fruits and vegetables in the food section of the subsidiary and non-alcoholic beverages, from inflation as prices volatile and unstable that universally known Foundation annual inflation pressures continued spending.

Confirmed: that Iraq's financial economic strength of high bank reserves and balance of payments surplus Government must reflect on the power of the Iraqi dinar, which in turn will reduce inflation in the country.

The planning Ministry said on 17 June that annual inflation indices for the period of May 2011 until May this year 2012 had decreased by 2 percent to fall from 9 percent to 7 percent, adding that the decline in annual inflation due to lower prices of food, especially vegetables. /finished/3 p/s.