Identifier
Created
Classification
Origin
06BAGHDAD3601
2006-09-26 13:01:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Baghdad
Cable title:
PRICES RISE IN AUGUST BY 15.1 PERCENT
how-toVZCZCXRO0603 RR RUEHBC RUEHDA RUEHDE RUEHIHL RUEHKUK DE RUEHGB #3601 2691301 ZNR UUUUU ZZH R 261301Z SEP 06 FM AMEMBASSY BAGHDAD TO RUEHC/SECSTATE WASHDC 7111 INFO RUCNRAQ/IRAQ COLLECTIVE
UNCLAS BAGHDAD 003601
SIPDIS
SENSITIVE
SIPDIS
NEA/I PLEASE PASS TO TREASURY DEP'T
E.O. 12958: N/A
TAGS: ECIN ECON EFIN IZ
SUBJECT: PRICES RISE IN AUGUST BY 15.1 PERCENT
REF: BAGHDAD 3460
UNCLAS BAGHDAD 003601
SIPDIS
SENSITIVE
SIPDIS
NEA/I PLEASE PASS TO TREASURY DEP'T
E.O. 12958: N/A
TAGS: ECIN ECON EFIN IZ
SUBJECT: PRICES RISE IN AUGUST BY 15.1 PERCENT
REF: BAGHDAD 3460
1. (SBU) Iraq's consumer price index (CPI) increased 15.1% in
August, and the year-on-year increase reached 76.6%. The
increase is largely driven by rising prices in the categories
of Fuel/electricity (57.8%) and Transport/communication
(20.8%). GOI's Central Office of Statistics and Information
Technology (COSIT) lists disaggregated percentage increases
(month-on-month) as follows:
Food 6.1%
Tobacco/liquor 0.1%
Clothing/shoes 1.5%
Furniture 0.8%
Fuel/electricity 57.8%
Transport/communications 20.8%
Medical services/medicine 7.0%
Misc. goods/services 3.3%
Rent 0.7%
Compared to the data from August 2005, prices grew at the
following rates:
Food 39.7%
Tobacco/liquor 12.8%
Clothing/shoes 26.7%
Furniture 14.2%
Fuel/electricity 321.8%
Transport/communications 235.8%
Medical services/medicine 22.6%
Misc. goods/services 37.5%
Rent 34.7%
2. (SBU) COSIT describes its CPI data as an imperfect measure
of inflation. Given data collection limitations and an
outdated basket of goods, real inflation is likely higher
than the COSIT estimates (reftel).
KHALILZAD
SIPDIS
SENSITIVE
SIPDIS
NEA/I PLEASE PASS TO TREASURY DEP'T
E.O. 12958: N/A
TAGS: ECIN ECON EFIN IZ
SUBJECT: PRICES RISE IN AUGUST BY 15.1 PERCENT
REF: BAGHDAD 3460
1. (SBU) Iraq's consumer price index (CPI) increased 15.1% in
August, and the year-on-year increase reached 76.6%. The
increase is largely driven by rising prices in the categories
of Fuel/electricity (57.8%) and Transport/communication
(20.8%). GOI's Central Office of Statistics and Information
Technology (COSIT) lists disaggregated percentage increases
(month-on-month) as follows:
Food 6.1%
Tobacco/liquor 0.1%
Clothing/shoes 1.5%
Furniture 0.8%
Fuel/electricity 57.8%
Transport/communications 20.8%
Medical services/medicine 7.0%
Misc. goods/services 3.3%
Rent 0.7%
Compared to the data from August 2005, prices grew at the
following rates:
Food 39.7%
Tobacco/liquor 12.8%
Clothing/shoes 26.7%
Furniture 14.2%
Fuel/electricity 321.8%
Transport/communications 235.8%
Medical services/medicine 22.6%
Misc. goods/services 37.5%
Rent 34.7%
2. (SBU) COSIT describes its CPI data as an imperfect measure
of inflation. Given data collection limitations and an
outdated basket of goods, real inflation is likely higher
than the COSIT estimates (reftel).
KHALILZAD