Iraq Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Iraq inflation rate for 2022 was 4.99%, a 1.05% decline from 2021.
  • Iraq inflation rate for 2021 was 6.04%, a 5.47% increase from 2020.
  • Iraq inflation rate for 2020 was 0.57%, a 0.77% increase from 2019.
  • Iraq inflation rate for 2019 was -0.20%, a 0.57% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Turkey 72.31%
Suriname 52.45%
Bulgaria 15.33%
Belarus 15.21%
North Macedonia 14.20%
Bosnia 14.02%
Azerbaijan 13.85%
Romania 13.80%
Montenegro 13.04%
Serbia 11.98%
Botswana 11.67%
Tonga 10.97%
Samoa 10.96%
Mauritius 10.77%
Jamaica 10.35%
Colombia 10.18%
Paraguay 9.77%
Brazil 9.28%
Algeria 9.27%
Dominican Republic 8.81%
Armenia 8.64%
Peru 8.33%
Costa Rica 8.27%
Mexico 7.90%
South Africa 7.04%
Guatemala 6.89%
Albania 6.73%
St. Lucia 6.38%
Namibia 6.08%
Thailand 6.08%
St. Vincent and the Grenadines 5.66%
Iraq 4.99%
Equatorial Guinea 4.79%
Fiji 4.52%
Gabon 4.23%
Jordan 4.23%
Ecuador 3.47%
Malaysia 3.38%
Maldives 2.33%
China 1.97%
Iraq Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 4.99% -1.05%
2021 6.04% 5.47%
2020 0.57% 0.77%
2019 -0.20% -0.57%
2018 0.37% 0.18%
2017 0.18% -0.37%
2016 0.56% -0.84%
2015 1.39% -0.84%
2014 2.24% 0.36%
2013 1.88% -4.21%
2012 6.09% 0.29%
2011 5.80% 2.92%
2010 2.88% -4.00%
2009 6.87% -5.79%
2008 12.66% 22.73%
2007 -10.07% -63.30%
2006 53.23% 16.27%
2005 36.96% 10.00%
2004 26.96% -6.65%
2003 33.62% 14.30%
2002 19.32% 2.94%
2001 16.37% 11.40%
2000 4.98% -7.60%
1999 12.58% -2.19%
1998 14.77% -8.29%
1997 23.06% 39.18%
1996 -16.12% -403.43%
1995 387.31% -61.19%
1994 448.50% 240.81%
1993 207.69% 124.08%
1992 83.62% -97.34%
1991 180.95% 176.34%
1978 4.61% -4.56%
1977 9.17% -3.66%
1976 12.82% 3.31%
1975 9.52% 1.82%
1974 7.70% 2.81%
1973 4.89% -0.30%
1972 5.19% 1.59%
1971 3.60% -0.76%
1970 4.36% -1.38%
1969 5.74% 3.54%
1968 2.20% -1.09%
1967 3.29% 1.31%
1966 1.98% 2.44%
1965 -0.46% -0.37%
1964 -0.09% -4.05%
1963 3.96% 2.66%
1962 1.29% 0.38%
1961 0.92% -2.56%
1960 3.48% -2.56%