Iraq's annual inflation rate fell to 4.36% in 2023, down from 4.99% in 2022, according to World Bank. This represents a decrease of 0.63% from the previous year. Iraq has annual inflation rate higher than the global median (4.36% vs median 3.16%). Compared with the median in Asia, Iraq is higher (4.36% vs regional median 2.56%) and ranks 15th out of 44 countries in Asia.

Year

Annual Inflation Rate (%)

2023

4.36%

2022

4.99%

2021

6.04%

2020

0.57%

2019

-0.2%

2018

0.37%

2017

0.18%

2016

0.56%

2015

1.39%

2014

2.24%

2013

1.88%

2012

6.09%

2011

5.8%

2010

2.88%

2009

6.87%

2008

12.66%

2007

-10.07%

2006

53.23%

2005

36.96%

2004

26.96%

2003

33.62%

2002

19.32%

2001

16.37%

2000

4.98%

1999

12.58%

1998

14.77%

1997

23.06%

1996

-16.12%

1995

387.31%

1994

448.5%

1993

207.69%

1992

83.62%

1991

180.95%

1978

4.61%

1977

9.17%

1976

12.82%

1975

9.52%

1974

7.7%

1973

4.89%

1972

5.19%

1971

3.6%

1970

4.36%

1969

5.74%

1968

2.2%

1967

3.29%

1966

1.98%

1965

-0.46%

1964

-0.09%

1963

3.95%

1962

1.29%

1961

0.92%

1960

3.48%

Iraq Annual Inflation Rate

Yearly Historical Data (1960-2023)