Inflation, consumer prices in Iraq
Iraq: Inflation, consumer prices was -12.3 in 2024. ◆ Volatile
Latest (2024)
-12.3
Change on year
down 382.1%
World rank
70th
of 70 countries
All-time high
448.5
in 1994
All-time low
-16.12
in 1996
Years of data
53
1960–2024
Inflation, consumer prices in Iraq, 1960–2024
Source: UNICEF.
Analysis
The most recent figure for inflation, consumer prices in Iraq is -12.3, measured in 2024.
The figure is down 382.1% on the previous year and down 650.0% over ten years.
Over the whole period, inflation, consumer prices in Iraq peaked at 448.5 in 1994 and was at its lowest, -16.12, in 1996.
Iraq ranks 70th of 70 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices in Iraq, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 3.48 | — |
| 1961 | 0.9163 | -73.7% |
| 1962 | 1.29 | +41.0% |
| 1963 | 3.95 | +206.0% |
| 1964 | -0.0901 | -102.3% |
| 1965 | -0.4556 | +405.4% |
| 1966 | 1.98 | -535.3% |
| 1967 | 3.29 | +65.9% |
| 1968 | 2.2 | -33.3% |
| 1969 | 5.74 | +161.3% |
| 1970 | 4.36 | -24.1% |
| 1971 | 3.6 | -17.4% |
| 1972 | 5.19 | +44.2% |
| 1973 | 4.89 | -5.7% |
| 1974 | 7.7 | +57.4% |
| 1975 | 9.52 | +23.6% |
| 1976 | 12.82 | +34.7% |
| 1977 | 9.17 | -28.5% |
| 1978 | 4.61 | -49.7% |
| 1991 | 180.95 | +3823.6% |
| 1992 | 83.62 | -53.8% |
| 1993 | 207.69 | +148.4% |
| 1994 | 448.5 | +115.9% |
| 1995 | 387.31 | -13.6% |
| 1996 | -16.12 | -104.2% |
| 1997 | 23.06 | -243.1% |
| 1998 | 14.77 | -36.0% |
| 1999 | 12.58 | -14.8% |
| 2000 | 4.98 | -60.4% |
| 2001 | 16.37 | +228.9% |
| 2002 | 19.32 | +18.0% |
| 2003 | 33.62 | +74.0% |
| 2004 | 26.96 | -19.8% |
| 2005 | 36.96 | +37.1% |
| 2006 | 53.23 | +44.0% |
| 2007 | -10.07 | -118.9% |
| 2008 | 12.66 | -225.8% |
| 2009 | 6.87 | -45.7% |
| 2010 | 2.88 | -58.1% |
| 2011 | 5.8 | +101.6% |
| 2012 | 6.09 | +5.0% |
| 2013 | 1.88 | -69.1% |
| 2014 | 2.24 | +19.0% |
| 2015 | 1.39 | -37.7% |
| 2016 | 0.5565 | -60.1% |
| 2017 | 0.1841 | -66.9% |
| 2018 | 0.3674 | +99.6% |
| 2019 | -0.199 | -154.1% |
| 2020 | 0.5742 | -388.6% |
| 2021 | 6.04 | +952.3% |
| 2022 | 4.99 | -17.3% |
| 2023 | 4.36 | -12.7% |
| 2024 | -12.3 | -382.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.23 | -0.4556 | 5.74 | 10 |
| 1970s | 6.87 | 3.6 | 12.82 | 9 |
| 1990s | 149.15 | -16.12 | 448.5 | 9 |
| 2000s | 20.09 | -10.07 | 53.23 | 10 |
| 2010s | 2.12 | -0.199 | 6.09 | 10 |
| 2020s | 0.7344 | -12.3 | 6.04 | 5 |
Countries ranked near Iraq
More economy & growth data for Iraq
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.44 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.56 Percent per annum (2029)
- GNI (current LCU), annual growth rate -9.32 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,302 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 7.04 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 36.75 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 35.11 % change on previous year (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0006 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,780 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,300 (2025)
Frequently asked questions
- What is inflation, consumer prices in Iraq?
- Inflation, consumer prices in Iraq was -12.3 in 2024, according to UNICEF.
- What is the highest inflation, consumer prices recorded in Iraq?
- The highest recorded value was 448.5 in 1994.
- What is the lowest inflation, consumer prices recorded in Iraq?
- The lowest recorded value was -16.12 in 1996.
- How does Iraq rank for inflation, consumer prices?
- Iraq ranks 70th out of 70 countries with data for 2024.
- Is inflation, consumer prices rising or falling in Iraq?
- Over the last ten years it is down 650.0%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from UNICEF, published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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