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Sunday, March 3, 2019

DELTA & MILITIAMAN UPDATE, 3 MARCH

DELTA:  LIKE WE SAID ON LAST CC HERE WE GO....I LOVE IT..

SMALL EXAMPLE PRICE JUST JUMB 400%.....

 Red meat, tomato prices rise as import tariffs bite

One kilo of red meat has risen on average by 500 IQD ($0.42) in Erbil and Duhok. But in Sulaimani, it has skyrocketed by as much 2,000 IQD ($1.68).

http://www.rudaw.net/ 

MilitiaMan:  That is some serious pressure cooker pricing... The pressure is on!! Wow.. imo ~ MM

DELTA:  INFLATION IS MY BEST FRIEND...………ROFL
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Don961:  Planning: High inflation for last January

Sunday 03 March 2019

Baghdad / Al-Sabah

The monthly report of the Ministry of Planning and Development Cooperation indicated a high rate of inflation during the month of January.

"Monthly inflation for January rose by 0.4 percent compared to the previous December," a statement by the ministry quoted spokesman Abdul Zahra al-Hindawi as saying. "The food sector rose by 0.2 percent and the housing component rose by 0.5 percent "He said.

He explained that "the annual inflation rate rose for the period from January 2018 to January this year," pointing out that "the increase was affected by the rise of food and non-alcoholic beverages by 2 percent against the decline of the housing section by 1.8 percent, Footwear, equipment, household equipment, communications, restaurants, hotels, and miscellaneous goods and services decreased from 0.1 percent to 1.8 percent. "

The Central Agency for Statistics and Information Technology announced in January 2012 that it began using the mechanization in collecting the different prices and at specific times in place of the paper form in the past, stressing that this will contribute to the speed of collection and accuracy of prices, and correct the calculation in the event of errors.      link 

MilitiaMan:  Now the Inflation begins.. Massive pressure is coming now.. That should bode very well for us now. ~ imo ~ MM
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MilitiaMan:    Internationalism..Can't hide it now.. The Cat is out of the bag.. Even the Governors of the Provinces and the Religious Authority is calling for distribution of the Iraqi wealth and now we see Citi Bank able to do similar distribution of timely payments through a chunky credit facility.

These latest actions from the Governors meeting this last week on 2019 Budget allocations to be disbursed for re construction projects and Qasim al-Tai religious authority telling PM Mahdi to distribute the wealth to the citizens in a fair and equitable manner all around the same time frame of the passing of key laws this week.

My bet on this is the Citizens are squawking even louder now that the Tariffs are being enforced.

 They signed this credit facility on Thursday of last week!!! Same day the Governors were meeting on disbursements to the provinces. See the the progress in play now? I sure do.. Man it looks good too! imo ~ MM

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