Inflation in Iraq
Iraq - InflationEconomic conditions likely improved somewhat in Q2 and Q3, spurred by a recovery in the energy sector as oil prices surged and OPEC+ progressively loosened production cuts. Indeed, oil output was up markedly in annual terms in Q3, with production in September the highest in over a year. Further boosts to the energy sector have come in recent months from a host of deals signed with foreign firms to increase investment. Most recently, the country reached a deal with Norway’s Scatec over the construction of two solar plants. Less positively, electricity shortages amid a summer heatwave likely weighed on the non-energy sector in Q3. In politics, cleric al-Sadr’s political movement increased its seat haul in October’s parliamentary elections, at the expense of Iran-backed parties, whose decision to contest the results could inflame tensions and delay government formation.
Iraq - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.4||0.5||0.1||0.4||-0.2|
5 years of economic forecasts for more than 30 economic indicators.
Iraq Inflation Chart
Source: Central Statistical Organization.
|Exchange Rate||1,194||0.0 %||Jan 01|
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