Inflation in Iraq

Iraq Inflation | Economic News & Forecasts

Iraq - Inflation

Economic 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

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)1.4  0.5  0.1  0.4  -0.2  

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Iraq Inflation Chart


Iraq Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Statistical Organization.

Iraq Facts

Value Change Date
Exchange Rate1,1940.0 %Jan 01

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