Inflation in Iraq reached 3.7% in August 2023, compared to 4.4% in August 2022, despite the rise in inflation in Iraq’s trading partners such as 46% in Iran and 56% in Turkey.
The inflation rate in the U.A.E reached 3.5% and 2.4% in Saudi Arabia.
The Iraqi Ministry of Planning announced last month that the inflation rate remained stable during September.
The spokesperson of the Planning Ministry, Abdul Zahra Al-Hindawi, said earlier that the monthly inflation rate in Iraq during September witnessed no changes compared to August, where the inflation rate rose by 0.5 percent.
The Central Statistical Organization (CSO) of the Iraqi Planning Ministry recorded an increase of 4% in the annual inflation rate in April 2023, compared to the same period in 2022.
Congratulations Iraq!
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