Inflation jumped to 7.2% in January from 4.3% in December, likely on the weaker parallel exchange rate. Inflation should average lower this year than last due to easing commodity prices and the new stronger official dinar rate. However, further depreciation in the parallel FX rate, disruptions to Ukrainian agricultural exports and fiscal stimulus are upside risks.
Iraq Money (ann. var. of M2 %) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Money (ann. var. of M2 %) | 2.6 | 2.7 | 8.4 | 15.9 | 16.7 |