Inflation Rate for Iraq

Indicator Definition:
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

The statistic "Inflation Rate" stands at -12.30 percent as of 12/31/2024, the lowest value at least since 12/31/2017, the period currently displayed.
Regarding the One-Year-Change of the series, the current value constitutes an decrease of -16.66 compared to the value the year prior.
The Serie's long term average value is 0.509 percent. It's latest available value, on 12/31/2024, is -12.81 lower, compared to it's long term average value.
The Serie's change from it's minimum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is +0.0 .
The Serie's change from it's maximum value, on 12/31/2021, to it's latest available value, on 12/31/2024, is -18.34 .