The inflation rate in Iraq was recorded at -0.90 percent in September of 2019. Inflation Rate in Iraq averaged 9.74 percent from 2005 until 2019, 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.

Inflation Rate in Iraq is expected to be 0.10 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 1.50 in 12 months time. In the long-term, the Iraq Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

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Iraq Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -0.30 76.55 -6.37 2005 - 2019 percent Monthly

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.

Iraq Prices Last Previous Highest Lowest Unit
Inflation Rate -0.90 -0.30 76.55 -6.37 percent [+]
Consumer Price Index CPI 104.80 104.80 107.40 86.50 points [+]
Core Consumer Prices 105.50 105.20 106.50 103.70 points [+]
Core Inflation Rate 0.40 -0.10 107.04 -2.10 percent [+]
Food Inflation -1.40 -3.20 13.27 -7.19 percent [+]
CPI Housing Utilities 114.40 113.10 120.20 109.50 points [+]
CPI Transportation 97.00 97.20 102.00 94.50 points [+]