Iraq - Inflation, consumer prices (annual %) 1960 - 2022
Iraq's inflation, consumer prices (annual %) is currently 4.99%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Iraq's inflation, consumer prices (annual %) for 2022 was 4.995%, a -17.33% increase from 2021, with a -2 difference.
- In 2021 it was 6.042%, a 952.29% increase from 2020, with a +5 difference.
- In 2020 it was 0.574%, a 388.57% increase from 2019.
- In 2019 it was -0.199%, a -154.15% increase from 2018.
- In 2018 it was 0.367%, a 99.63% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Iraq is currently 32.5534% (average of years with recorded data) with a lowest recorded value of -16.1173% in 1996 and a highest value of 448.5% in 1994.
Iraq's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 3.478% | |
| 1961 | 0.916% | -73.66% |
| 1962 | 1.292% | 41.05% |
| 1963 | 3.955% | 206.03% |
| 1964 | -0.09% | -102.28% |
| 1965 | -0.456% | -405.43% |
| 1966 | 1.983% | 535.32% |
| 1967 | 3.291% | 65.94% |
| 1968 | 2.196% | -33.26% |
| 1969 | 5.739% | 161.29% |
| 1970 | 4.356% | -24.11% |
| 1971 | 3.596% | -17.44% |
| 1972 | 5.186% | 44.22% |
| 1973 | 4.891% | -5.69% |
| 1974 | 7.7% | 57.43% |
| 1975 | 9.517% | 23.60% |
| 1976 | 12.823% | 34.74% |
| 1977 | 9.168% | -28.51% |
| 1978 | 4.612% | -49.69% |
| 1991 | 180.952% | 3,823.56% |
| 1992 | 83.616% | -53.79% |
| 1993 | 207.692% | 148.39% |
| 1994 | 448.5% | 115.94% |
| 1995 | 387.311% | -13.64% |
| 1996 | -16.117% | -104.16% |
| 1997 | 23.063% | 243.10% |
| 1998 | 14.769% | -35.96% |
| 1999 | 12.578% | -14.84% |
| 2000 | 4.979% | -60.41% |
| 2001 | 16.374% | 228.87% |
| 2002 | 19.317% | 17.97% |
| 2003 | 33.616% | 74.03% |
| 2004 | 26.962% | -19.79% |
| 2005 | 36.959% | 37.08% |
| 2006 | 53.231% | 44.03% |
| 2007 | -10.067% | -118.91% |
| 2008 | 12.663% | 225.78% |
| 2009 | 6.874% | -45.72% |
| 2010 | 2.878% | -58.13% |
| 2011 | 5.801% | 101.60% |
| 2012 | 6.089% | 4.96% |
| 2013 | 1.879% | -69.13% |
| 2014 | 2.236% | 18.97% |
| 2015 | 1.393% | -37.69% |
| 2016 | 0.557% | -60.06% |
| 2017 | 0.184% | -66.93% |
| 2018 | 0.367% | 99.63% |
| 2019 | -0.199% | -154.15% |
| 2020 | 0.574% | 388.57% |
| 2021 | 6.042% | 952.29% |
| 2022 | 4.995% | -17.33% |
Expand
Comparison with Countries in the Middle East & North Africa Region.
Among countries in the same World Bank Middle East & North Africa (MENA) region, Iraq comes in 12th with 4.995% inflation, consumer prices (annual %).
- Within the same region, Iran, Islamic Rep. comes in 2nd with 43.389%, inflation, consumer prices (annual %).
- Syrian Arab Republic comes in 3rd with 36.702%.
- Egypt, Arab Rep. comes in 4th with 13.896%.
- Algeria comes in 5th with 9.266%.
- Tunisia comes in 6th with 8.306%.
- Yemen, Rep. comes in 7th with 8.105%.
- Morocco comes in 8th with 6.657%.
- Malta comes in 9th with 6.154%.
- Djibouti comes in 10th with 5.18%.
- Qatar comes in 11th with 4.995%.
- United Arab Emirates comes in 13th with 4.828%.
- Israel comes in 14th with 4.394%.
- Jordan comes in 15th with 4.229%.
- Bahrain comes in 16th with 3.626%.
- Kuwait comes in 17th with 3.424%.
- Oman comes in 18th with 2.812%.
- Libya comes in 19th with 2.606%.
- Saudi Arabia comes in 20th with 2.474%.
- And West Bank and Gaza comes in 21st with 1.237%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Middle East & North Africa Region.
Top 10 Countries in the Middle East & North Africa Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lebanon | 154.76% | 2021 |
| 2 | Iran, Islamic Rep. | 43.39% | 2021 |
| 3 | Syrian Arab Republic | 36.70% | 2012 |
| 4 | Egypt, Arab Rep. | 13.90% | 2022 |
| 5 | Algeria | 9.27% | 2022 |
| 6 | Tunisia | 8.31% | 2022 |
| 7 | Yemen, Rep. | 8.10% | 2014 |
| 8 | Morocco | 6.66% | 2022 |
| 9 | Malta | 6.15% | 2022 |
| 10 | Djibouti | 5.18% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Iraq comes in 37th with 4.995% inflation, consumer prices (annual %).
- Within the same income group, Mexico comes in 27th with 7.896%, inflation, consumer prices (annual %).
- El Salvador comes in 28th with 7.199%.
- South Africa comes in 29th with 7.04%.
- Guatemala comes in 30th with 6.885%.
- Albania comes in 31st with 6.725%.
- Russian Federation comes in 32nd with 6.694%.
- St. Lucia comes in 33rd with 6.378%.
- Namibia comes in 34th with 6.081%.
- Thailand comes in 35th with 6.077%.
- St. Vincent and the Grenadines comes in 36th with 5.66%.
- Equatorial Guinea comes in 38th with 4.787%.
- Fiji comes in 39th with 4.52%.
- Gabon comes in 40th with 4.231%.
- Indonesia comes in 41st with 4.209%.
- Ecuador comes in 42nd with 3.466%.
- Malaysia comes in 43rd with 3.379%.
- Belize comes in 44th with 3.236%.
- Libya comes in 45th with 2.606%.
- Maldives comes in 46th with 2.333%.
- And China comes in 47th with 1.974%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |