The inflation rate in Iraq was recorded at 0.70 percent in May of 2020.
Inflation Rate in Iraq averaged 9.34 percent from 2005 until 2020, reaching an all time high of 76.55 percent in August of 2006 and a record low of -6.37 percent in October of 2009. This page provides the latest reported value for - Iraq Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iraq Inflation Rate - values, historical data and charts - was last updated on October of 2020.
Inflation Rate in Iraq is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Iraq to stand at 1.70 in 12 months time. In the long-term, the Iraq Inflation Rate is projected to trend around 1.50 percent in 2021 and 2.10 percent in 2022, according to our econometric models.