Inflation in Iraq

Iraq Inflation | Economic News & Forecasts

Iraq - Inflation

The economy has likely performed fairly well so far this year. Oil output was up markedly in annual terms in Q1, despite OPEC-mandated production cuts, while oil exports in April netted the government around USD 7 billion—the highest monthly figure so far this year—thanks to the recent uptick in oil prices. In addition, economic agreements reached in recent months with Jordan and Russia are likely supporting business confidence. This comes after preliminary data from the statistical office showed that the economy unexpectedly contracted in 2018 on the back of a decline in the oil sector and stagnation in the non-oil sector. On the political front, Saudi Arabia pledged USD 1 billion in financial support in early April and reopened a consulate in Baghdad, which bodes well for future trade ties.

Iraq - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.9  2.2  1.4  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

Exchange Rate1,1930.0 %May 13

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