Annual Inflation Visualization (Iraq)

Source: World Bank (1961-2023)

26.28% Historical average
396.44% Maximum recorded
-28.76% Minimum recorded
63 Years of data

Historical Inflation Calculator for Iraq

Calculate how the value of money has changed between two specific years in Iraq.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Iraq

Year Inflation (%) Change
2023 -18.19% -45.18pp
2022 26.99% -11.91pp
2021 38.90% +50.12pp
2020 -11.22% -8.55pp
2019 -2.67% -20.88pp
2018 18.20% +3.55pp
2017 14.65% +25.75pp
2016 -11.10% +17.66pp
2015 -28.76% -23.95pp
2014 -4.81% -4.80pp
2013 -0.01% -2.68pp
2012 2.67% -22.02pp
2011 24.69% +8.10pp
2010 16.59% +36.11pp
2009 -19.52% -49.70pp
2008 30.18% +15.74pp
2007 14.44% -8.62pp
2006 23.05% -12.80pp
2005 35.85% +18.54pp
2004 17.31% +3.45pp
2003 13.86% +5.69pp
2002 8.17% +27.32pp
2001 -19.15% -43.90pp
2000 24.75% -46.40pp
1999 71.15% +87.10pp
1998 -15.95% -107.45pp
1997 91.50% +104.04pp
1996 -12.54% -307.91pp
1995 295.37% -101.07pp
1994 396.44% +281.97pp
1993 114.47% +9.97pp
1992 104.50% -6.63pp
1991 111.13% +37.48pp
1990 73.65% +65.24pp
1989 8.40% -2.03pp
1988 10.43% +0.54pp
1987 9.89% +16.63pp
1986 -6.73% -8.42pp
1985 1.69% -15.34pp
1984 17.03% +2.84pp
1983 14.19% +5.86pp
1982 8.33% +35.86pp
1981 -27.52% -40.72pp
1980 13.20% -18.47pp
1979 31.67% +29.34pp
1978 2.33% -7.32pp
1977 9.65% -2.94pp
1976 12.59% +8.70pp
1975 3.88% -84.45pp
1974 88.33% +79.58pp
1973 8.75% +12.14pp
1972 -3.38% -14.03pp
1971 10.65% +6.30pp
1970 4.35% +3.78pp
1969 0.57% +5.58pp
1968 -5.01% -15.65pp
1967 10.64% +7.43pp
1966 3.21% +4.50pp
1965 -1.29% -4.32pp
1964 3.03% +4.23pp
1963 -1.20% -3.22pp
1962 2.02% +0.68pp
1961 1.34% -

About Iraq inflation

Iraq inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Iraq inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Iraq inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Iraq?
According to the latest available World Bank data, Iraq inflation in 2023 was -18.19%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Iraq?
To calculate cumulative inflation in Iraq, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Iraq?
You can check Iraq's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1961 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Iraq.
What is the historical average inflation in Iraq?
The historical average inflation in Iraq can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1961-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Iraq inflation data is based on the official CPI.