Al-Obeidi reveals reasons for Iraq's inflation decline to 3% in May, according to statistics
Official Iraqi data shows that the annual inflation rate for May has decreased to 3%, down from 4.3% in April. The decline is primarily attributed to lower prices for food items, vegetables, and fuel, despite increases in the prices of dairy products, eggs, and meats. This reflects a divergence in price movements, with some goods continuing to decline while others rise, suggesting a slowdown in the overall rate of price increases in Iraq.
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