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Iraq’s core inflation rises to 1.9 pct in August

The bank defines core inflation as excluding expenditure on fuel.


September 20, 2010 3:04 by

Iraq’s core inflation rose to a year-on-year rate of 1.9 percent in August from 1.7 percent in July, an official at the central bank said on Monday.

The bank defines core inflation as excluding expenditure on fuel.

Iraq’s formal economy, struggling to pull out of years of sectarian carnage that followed the 2003 U.S.-led invasion of the country, is dominated by the oil sector, which accounts for more than 95 percent of government revenues.

(Reporting by Aseel Kami; Editing by Rania El Gamal; Editing by Ruth Pitchford)


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