Inflation rates decline in Iraq
The spokesperson for the Planning Ministry, Abdul Zahra al-Hindawi, mentioned in a statement that the monthly inflation rate in key marketplaces throughout Iraqi provinces fell by 1.2 percent in June compared to May, according to Shafaq News.
The annual inflation rate in Iraq also fell by 0.6 percent compared to June 2024, according to al-Hindawi.
A study published in April by the International Monetary Fund (IMF) mentioned that Iraq's inflation rate is projected to slightly drop in 2025.
In 2024, Iraq's annual inflation rate was 2.6 percent, down from 4.4 percent in 2023 and 5 percent in 2022.
According to IMF projections, Iraq's inflation rate would drop somewhat to 2.5 percent in 2025, increase to 2.7 percent in 2026, and reach three percent in 2030.
Early in March, the Central Bank of Iraq (CBI) reported that the country's total annual inflation rate had dropped to 2.8 percent.
According to the CBI, Iraq's annual inflation rate decreased from four percent in the fourth quarter of 2023 to 2.8 percent in the same period of 2024.
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