Inflation Rate in Iraq remained unchanged at 1.50 percent in May. This dataset 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.

In 2024, the average inflation rate in Iraq was estimated at about 2.58 percent. Between 2005 and 2024, the figure dropped by approximately 34.38 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the inflation will rise by around 0.42 percentage points, showing an overall upward trend with periodic ups and downs.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

Core consumer prices in Iraq increased 0.80 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Iraq Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Core Consumer Price Inflation for Iraq (IRQPCPICOREPCHPT) from 2005 to 2025 about Iraq, consumer prices, core, REO, consumer, inflation, and rate.

Iraq inflation rate for 2023 was 4.36%, a 0.64% decline from 2022.

<ul style='margin-top:20px;'>

<li>Iraq inflation rate for 2022 was <strong>4.99%</strong>, a <strong>1.05% decline</strong> from 2021.</li>
<li>Iraq inflation rate for 2021 was <strong>6.04%</strong>, a <strong>5.47% increase</strong> from 2020.</li>
<li>Iraq inflation rate for 2020 was <strong>0.57%</strong>, a <strong>0.77% increase</strong> from 2019.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

As of 2021, the consumer price inflation for Iraq was *** percent. The consumer price inflation for Iraq was projected to decrease to *** percent in 2023. The overall projection of the consumer price inflation for the entire Middle East and North Africa was on average **** percent.

Iraq: Inflation forecast: The latest value from 2030 is 3 percent, unchanged from 3 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Iraq from 2000 to 2030 is 8.65 percent. The minimum value, -4.41 percent, was reached in 2009 while the maximum of 64.83 percent was recorded in 2006.

Cost of food in Iraq increased 2.90 percent in April of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Iraq Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

As shown in this statistic, the average inflation rate in Iraq lies at approximately 2.50 percent in 2025.Fluctuating decline between 2005 and 2025A total decrease by approximately 34.46 percentage points can be observed between 2005 and 2025. The data emphasizes however that this decrease did not happen continuously.Fluctuating rise between 2025 and 2030In 2030 the inflation will stand at close to 3 percent, according to forecasts. Compared to 2025 that is an overall increase by approximately 0.50 percentage points.This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.

Inflation, GDP deflator: linked series (annual %) in Iraq was reported at 4.3697 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iraq - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Iraq IQ: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 16.200 % in 2017. This records an increase from the previous number of -12.917 % for 2016. Iraq IQ: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 10.431 % from Dec 1969 (Median) to 2017, with 49 observations. The data reached an all-time high of 396.438 % in 1994 and a record low of -27.523 % in 1981. Iraq IQ: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iraq – Table IQ.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Inflation, consumer prices (annual %) in Iraq was reported at 4.3584 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iraq - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Abstract

Energy price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes energy price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

Geographic coverage notes

The data cover the following sub-national areas: Anbar, Babil, Baghdad, Basrah, Diyala, Dahuk, Erbil, Ninewa, Kerbala, Kirkuk, Missan, Muthanna, Najaf, Qadissiya, Salah al-Din, Sulaymaniyah, Thi-Qar, Wassit, Market Average

Consumer Price Index CPI in Iraq decreased to 107.90 points in April from 108.20 points in March of 2025. This dataset provides the latest reported value for - Iraq Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This bar chart displays inflation (annual %) by date using the aggregation median in Iraq. The data is about countries per year.

This scatter chart displays inflation (annual %) against self-employed workers (% of total employment) in Iraq. The data is about countries per year.

Abstract

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

        A dataset of monthly food price inflation estimates (aggregated for all food products available in the data) is also available for all countries covered by this modeling exercise.

Geographic coverage notes

The data cover the following sub-national areas: Anbar, Babil, Baghdad, Basrah, Diyala, Dahuk, Erbil, Ninewa, Kerbala, Kirkuk, Missan, Muthanna, Najaf, Qadissiya, Salah al-Din, Sulaymaniyah, Thi-Qar, Wassit, Market Average

Iraq IQ: Real Interest Rate data was reported at 53.543 % pa in 2015. This records an increase from the previous number of 13.392 % pa for 2014. Iraq IQ: Real Interest Rate data is updated yearly, averaging 0.677 % pa from Dec 2004 (Median) to 2015, with 12 observations. The data reached an all-time high of 53.543 % pa in 2015 and a record low of -14.278 % pa in 2005. Iraq IQ: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iraq – Table IQ.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

This horizontal bar chart displays inflation (annual %) by currency using the aggregation median in Iraq. The data is filtered where the date is 2021. The data is about countries per year.

Iraq: Inflation: percent change in the Consumer Price Index: Pour cet indicateur, La Banque mondiale fournit des données pour la Iraq de 1960 à 2023. La valeur moyenne pour Iraq pendant cette période était de 32 pour cent avec un minimum de -16.1 pour cent en 1996 et un maximum de 448.5 pour cent en 1994.