Iraq's core inflation falls to 2.7% in June

28 July 2010

Iraq's central bank has said the country's core inflation has continued to slow in June, dropping to an annual rate of 2.7% from 3% in May, Reuters has reported. The central bank cut its key interest rate by 100 basis points to 6% in April in reaction to subdued inflation. The central bank defines core inflation as excluding expenditure on fuel.

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