Average inflation in Iraq

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 3.0% 2027: 3.3% 2028: 3.3% 2029: 3.6% 2030: 4.2% 2031: 4.8%

4.8% (2031) ANUAL · % · Annual · CSV

Period	%
Jan 2031	4.8%
Jan 2030	4.2%
Jan 2029	3.6%
Jan 2028	3.3%
Jan 2027	3.3%
Jan 2026	3.0%
Jan 2025	0.3%
Jan 2024	2.6%
Jan 2023	4.4%
Jan 2022	5.0%
Jan 2021	6.0%
Jan 2020	0.6%
Jan 2019	-0.2%
Jan 2018	0.4%
Jan 2017	0.2%
Jan 2016	0.5%
Jan 2015	1.4%
Jan 2014	2.2%
Jan 2013	1.9%
Jan 2012	6.1%
Jan 2011	5.6%
Jan 2010	2.4%
Jan 2009	-2.8%
Jan 2008	2.7%
Jan 2007	30.8%
Jan 2006	53.2%
Jan 2005	37.0%

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually, covering the full year and subject to revision.

What it is

It is the average annual inflation rate for Iraq: the average change in consumer prices over the year, distinct from the year-end rate. It measures the average rise in the household basket of goods and services across the full year.

How it's calculated

It is computed by comparing the average consumer price index level of one year with the previous one, based on regular price collection across a sample weighted by household spending. Comparable cross-country figures come from the IMF's annual estimates.

Market implications

Inflation shapes purchasing power and economic policy. In Iraq, heavily oil-dependent, it is tied to crude prices, public spending and the stability of the dinar, and its path is also a social-stability factor watched by the authorities.

Limitations

It is a low-frequency, revisable figure. As an annual average it smooths intra-year peaks and can be slow to capture turning points, while instability, administered prices and limited data availability raise measurement uncertainty.