Purchasing Power Drops in Iraq as Living Costs Rise Amid Fixed Wages

mesoiraq - Purchasing power in Iraq faces growing strain as essential goods and services experience price surges while nominal wages remain unchanged.

Economic analysts note a widening gap between nominal income and real purchasing capacity, driven by exchange rate volatility and elevated import and transportation costs.

Experts emphasize that stabilizing purchasing power requires curbing price drivers and safeguarding basic commodities, rather than merely expanding operational spending.