Inflation rates by country and year

-16.1%-2.8%10.4%23.7%37%53.2%448.5%
-16.1%-2.8%10.4%23.7%37%53.2%448.5%
19603.5%
199814.8%
20250.3%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate0.3%

Behind the curve

Turning points in Iraq

  1. 1994↑ Upward pressure

    Sanctions and the dinar collapse — Wikipedia (opens in a new tab)

    After the first Gulf War and the UN embargo, the government monetized fiscal deficits and inflation surged to nearly 500 percent. Uncontrolled printing of the Saddam dinar compounded the price instability.

    IMF Working Paper 10/159: Inflation and Conflict in Iraq—The Economics of Shortages Revisited
  2. 2003↑ Upward pressure

    The Iraq War — Wikipedia (opens in a new tab)

    Hostilities, looting and sabotage hampered activity after the 2003 invasion. The post-conflict authorities exchanged the poorly controlled old dinars for a new currency, while energy and water subsidies restrained end-2003 consumer-price inflation.

    IMF Country Report 04/325: Iraq—Emergency Post-Conflict Assistance
  3. 2006↑ Upward pressure

    Fuel scarcity and violence drove the 2006 inflation peak — Wikipedia (opens in a new tab)

    Administered fuel-price increases, severe fuel shortages and escalating violence pushed consumer-price inflation to 65 percent by end-2006. Higher policy rates and a 17 percent dinar appreciation helped bring inflation down during 2007.

    IMF Working Paper 10/159: Inflation and Conflict in Iraq—The Economics of Shortages Revisited
  4. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Russia's invasion of Ukraine raised global commodity prices. Despite food and fuel subsidies muting pass-through, higher food prices were expected to lift headline inflation to 6.9 percent in 2022.

    IMF Staff Visit to Iraq, May 2022

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Iraq?

The annual inflation rate in Iraq was 0.3% in 2025, the most recent year in the World Bank dataset. That means prices rose 0.3% on average compared with the year before. Use the chart above to explore Iraq's full inflation history from 1960 to 2025, and to compare it with any other country.

How inflation in Iraq has changed

Inflation in Iraq peaked at 448.5% in 1994 and reached its lowest point at -16.1% in 1996. Averaged across the 54 years of available data (1960–2025), the rate has been 30.9% per year.

Frequently asked questions about inflation in Iraq

What is the current inflation rate in Iraq?

The latest available annual figure is 0.3% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Iraq's statistical office.

What was the highest inflation rate in Iraq?

The highest annual inflation rate on record is 448.5%, reached in 1994.

What was the lowest inflation rate in Iraq?

The lowest annual inflation rate on record is -16.1%, recorded in 1996.

Where does the inflation data for Iraq come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.