Inflation Iraq 2021
Average inflation: 6.0%
Current Inflation
Inflation is very high at 6.0%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 8.4%. The lowest inflation was in January at 3.2%.
- Highest month
- November: 8.4%
- Lowest month
- January: 3.2%
- Difference
- 5.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 6.4%. The lowest price increase was in Energy with an average of 1.9%.
- Highest increase
- Core inflation: 6.4%
- Lowest increase
- Energy: 1.9%
Historical Context
Current inflation is 4.6% higher than the 5-year average of 1.4%. This approaches the highest level since records began (6.0% in 2021).
- 5-year average
- 1.4%
- 10-year average
- 1.3%
- All-time high (2021)
- 6%
- All-time low (2019)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +5.4 percentage point.
- Change vs. previous year
- +5.4 percentage points
- Largest monthly swing
- November: +8.7 percentage points
ECB Target
Inflation is 4.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 3.2% | +2.7 |
| February | 4.0% | +3.0 |
| March | 4.3% | +3.7 |
| April | 5.5% | +5.3 |
| May | 5.6% | +4.9 |
| June | 6.5% | +6.4 |
| July | 7.4% | +7.5 |
| August | 8.2% | +8.2 |
| September | 7.3% | +6.8 |
| October | 6.8% | +6.1 |
| November | 8.4% | +8.7 |
| December | 5.3% | +2.1 |
| Average | 6.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.