Central Bank: Annual inflation for the month of April was not that great

Central Bank: Annual inflation for the month of April was not that great and under controlAuthor: HM Editor: HAH | NQ Monday, 23 May 2011 09:34 GMT22117 http://www.alsumarianews.com/ NewsDetails Advisor to the Governor Central Bank of Iraq the appearance of Mohammed Saleh Advisor to the Governor Central Bank of Iraq the appearance of Mohammed Saleh Alsumaria News / Baghdad Reduce the Central Bank of Iraq, on Monday, fears of rising inflation, annual basis for the month of April of this year 2011, stressing that the big-spending and import of the main reasons leading to the increase in inflation in the country. The adviser said the Governor of the Central Bank of the appearance of Mohammed in an interview for "Alsumaria News" "The annual inflation basis, which was announced by the Ministry of Planning is not large and is considered under control in such circumstances that Iraq is going through," noting that "the Bank as on the maintenance price stability in the markets, will take certain actions such as using a reference interest rate or other proceedings in the case of the continued increase in inflation in Iraq. " He attributed the valid reasons for the high annual inflation in Iraq to "the big spending is currently in Iraq, whether by the state or the citizen, in addition to the import of large outside the country," asserting that "high food prices in the countries of the world by 45% since the beginning of the month April of last year 2010 and until last April. " The benefit of that, "the bank is trying to control the levels of liquidity in the market through the tools available to him, without revealing the nature of these tools," adding that "State expenditure in its budget of $ 97 trillion dinars generate pressure my spend on the market and thus affect the rise in inflation in Iraq. " It is intended inflation rate is essentially a change in the index of consumer prices calculated after the exclusion of certain goods such as derivatives volatile oil (oil and gas) within the Department of Housing and the two sets of fruits and vegetables. The Ministry of Planning and Development Cooperation announced last week that rising inflation index for the month of April increased by 0.8% compared to last March, and the high annual inflation for the month of April increased by 8,5% compared to April of 2010. Please any Questions: send to www.breitlingcurrency@gmail.com I will get to your questions as soon as possible by personal e-mail, blog post or audio