Cost of food in Iraq decreased 0.70 percent in July of 2019 over the same month in the previous year. Food Inflation in Iraq averaged 0.98 percent from 2011 until 2019, reaching an all time high of 13.27 percent in April of 2012 and a record low of -7.19 percent in January of 2015.
Food Inflation in Iraq is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Iraq to stand at 1.50 in 12 months time. In the long-term, the Iraq Food Inflation is projected to trend around 1.10 percent in 2020, according to our econometric models.