Inflation Rate in Iraq increased to 7.40 percent in July from 6.50 percent in June of 2021. source: Central Bank of Iraq

Inflation Rate in Iraq averaged 8.88 percent from 2005 until 2021, 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 September of 2021.

Inflation Rate in Iraq is expected to be 1.50 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 2022 and 2.10 percent in 2023, according to our econometric models.

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Iraq Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.40 6.50 76.55 -6.37 2005 - 2021 percent Monthly

Iraq Prices Last Previous Highest Lowest Unit
Inflation Rate 7.40 6.50 76.55 -6.37 percent [+]
Consumer Price Index CPI 111.80 111.10 111.80 86.50 points [+]
Core Consumer Prices 113.90 113.10 113.90 103.70 points [+]
Core Inflation Rate 7.50 6.70 107.04 -2.10 percent [+]
Food Inflation 4.10 0.80 13.27 -7.19 percent [+]
CPI Housing Utilities 117.80 116.10 120.20 109.50 points [+]
CPI Transportation 111.70 111.00 111.70 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.