Inflation Iraq 2022
Average inflation: 5.0%
Current Inflation
Inflation is very high at 5.0%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 5.5%. The lowest inflation was in November at 4.2%.
- Highest month
- June: 5.5%
- Lowest month
- November: 4.2%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.8%. The lowest price increase was in Energy with an average of 4.6%.
- Highest increase
- Food: 6.8%
- Lowest increase
- Energy: 4.6%
Historical Context
Current inflation is 2.6% higher than the 5-year average of 2.4%.
- 5-year average
- 2.4%
- 10-year average
- 1.8%
- All-time high (2021)
- 6%
- All-time low (2019)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by -1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- November: -4.2 percentage points
ECB Target
Inflation is 3.0% 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 €105.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 5.3% | +2.1 |
| February | 5.1% | +1.1 |
| March | 5.2% | +0.9 |
| April | 5.3% | -0.2 |
| May | 5.4% | -0.2 |
| June | 5.5% | -1.0 |
| July | 5.4% | -2.0 |
| August | 4.4% | -3.8 |
| September | 5.3% | -2.0 |
| October | 4.5% | -2.3 |
| November | 4.2% | -4.2 |
| December | 4.3% | -1.0 |
| Average | 5.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.