* Expert: consumption patterns and cash behind the increase in inflation
BAGHDAD / future Iraqi reasoned expert economic peace Sumaisem reasons for the high index of inflation in Iraq to increase the liquidity in the domestic market and the emergence of patterns of new consumer to the Iraqi citizens. The Sumaisem that “the reasons for increased rates of inflation in Iraq during the current period due to the pumping of large quantities of money to local markets through the distribution of loans and advances and salary increases, in addition to the existence of deficiencies in the local productive, ie, there is great demand for the goods against the limited offer in the market, this leads to increased rates of inflation in the Iraqi market. ” and noted that “citizens appeared to them new patterns of consumption as a result of trade liberalization around the world, so it becomes the amount of goods and services sold in the domestic market is less income available to the individual that is what also leads to inflation in the Iraqi market. ” and added that “inflation will fall during the coming period as a result of the price exchange of the Iraqi dinar has fallen long ago and now almost returned to its price, they followed the differences between the Iraqi exchange rate will be lower rates of inflation in the Iraqi economy.
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