2-15-11 Iraq announces rise in the inflation rate by 2% last month

Highlights/Thoughts
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1. The Ministry of Planning and Development Cooperation Federal said the average inflation rate in Iraq rose last January by 2% from the previous month
2. He said the reason for the high inflation rate is due to higher rental rates in addition to the high prices of food entering the country
3. He suggested the postponement of the tariffs
4. He added that the annual inflation rate amounted to 5.8% from last year
5. The CBI announced last October the lowe rate of inflation of 2.7% compared with the month of September the previous year
6. The article states that the main task of the CBI is to maintain price stability and the implementation of monetary policy, including exchange rate policies, managing the foreign currency reserves, and the issuance of currency management as well as regulating the banking sector

Inflation has doubled since October of last year. What will the CBI do? This will just add to the protester's anger.