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FINANCIAL NEWS
Iraq’s inflation sows to 1.7% in July
31 Aug 2010
(MENAFN) Iraq’s core inflation rate continued to slow in July, dropping to an annual rate of 1.7 percent from 2.7 percent in June, Reuters reported.
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 US-led invasion of the country, is dominated by the oil sector, which accounts for more than 95 percent of government revenues.
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