Inflation Rate in Iraq increased to 5.40 percent in May from 5.30 percent in April of 2022. source: Central Bank of Iraq

Inflation Rate in Iraq averaged 8.75 percent from 2005 until 2022, 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Inflation Rate in Iraq is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Inflation Rate is projected to trend around 1.60 percent in 2023 and 2.10 percent in 2024, according to our econometric models.

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Iraq Inflation Rate



Related Last Previous Unit Reference
Inflation Rate 5.40 5.30 percent May 2022
Core Inflation Rate 4.60 4.90 percent Apr 2022
Core Consumer Prices 116.90 117.20 points Apr 2022
Food Inflation 8.54 8.61 percent May 2022
CPI Transportation 112.90 111.90 points May 2022
CPI Housing Utilities 118.00 118.10 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.30 76.55 -6.37 2005 - 2022 percent Monthly
2012=100