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.

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Iraq Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.20 76.55 -6.37 2005 - 2020 percent Monthly

Iraq Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.20 76.55 -6.37 percent [+]
Consumer Price Index CPI 104.50 104.10 107.40 86.50 points [+]
Core Consumer Prices 106.00 106.00 106.50 103.70 points [+]
Core Inflation Rate 0.40 0.50 107.04 -2.10 percent [+]
Food Inflation -2.80 -3.10 13.27 -7.19 percent [+]
CPI Housing Utilities 114.10 114.50 120.20 109.50 points [+]
CPI Transportation 95.90 96.10 102.00 94.50 points [+]

Iraq Inflation Rate
In Iraq, the most important components of the Consumer Price Index (CPI) basket are: housing, water, electricity and LPG (31.3 percent of total weight) and food and non-alcoholic beverages (30.1 percent). Transportation accounts for 11.1 percent, clothes and footwear for 7.3 percent, house supplies, appliances and maintenance for 6.4 percent. The index also includes: miscellaneous services and goods (3.9 percent), communications (2.9 percent), health (2.3 percent), recreation and culture (1.6 percent), restaurants (1.4 percent), education (1 percent) and alcoholic, beverages and tobacco (0.7 percent). The index has a base of 100 as of 2007.