Inflation Iraq 2016
Average inflation: 0.6%
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in February at 2.5%. The lowest inflation was in December at -1.5%.
- Highest month
- February: 2.5%
- Lowest month
- December: -1.5%
- Difference
- 4.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 1.4%. The lowest price increase was in Food with an average of -0.6%.
- Highest increase
- Energy: 1.4%
- Lowest increase
- Food: -0.6%
Historical Context
Current inflation is around the 5-year average of 0.6%. This approaches the highest level since records began (0.6% in 2016).
- 5-year average
- 0.6%
- 10-year average
- 0.6%
- All-time high (2016)
- 0.6%
- All-time low (2016)
- 0.6%
Trend
ECB Target
Inflation is 1.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation |
|---|---|
| January | 2.3% |
| February | 2.5% |
| March | 2.1% |
| April | 1.2% |
| May | 1.2% |
| June | 0.5% |
| July | -0.4% |
| August | -0.4% |
| September | 0.4% |
| October | 0.3% |
| November | -1.4% |
| December | -1.5% |
| Average | 0.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.