Inflation Iraq 2020
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 December at 3.2%. The lowest inflation was in November at -0.3%.
- Highest month
- December: 3.2%
- Lowest month
- November: -0.3%
- Difference
- 3.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 1.0%. The lowest price increase was in Food with an average of -0.5%.
- Highest increase
- Core inflation: 1.0%
- Lowest increase
- Food: -0.5%
Historical Context
Current inflation is around the 5-year average of 0.3%. This approaches the highest level since records began (0.6% in 2020).
- 5-year average
- 0.3%
- 10-year average
- 0.3%
- All-time high (2020)
- 0.6%
- All-time low (2019)
- -0.2%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (+0.8 percentage point).
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- December: +3.1 percentage points
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 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.5% | -0.1 |
| February | 1.0% | +0.6 |
| March | 0.6% | -0.8 |
| April | 0.2% | -0.5 |
| May | 0.7% | +1.5 |
| June | 0.1% | +1.1 |
| July | -0.1% | +1.5 |
| August | 0.0% | +0.3 |
| September | 0.5% | +1.4 |
| October | 0.7% | +1.5 |
| November | -0.3% | 0.0 |
| December | 3.2% | +3.1 |
| Average | 0.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.