Cost of food in Iraq decreased 2.80 percent in January of 2020 over the same month in the previous year.
Food Inflation in Iraq averaged 0.79 percent from 2011 until 2020, reaching an all time high of 13.27 percent in April of 2012 and a record low of -7.19 percent in January of 2015. This page provides the latest reported value for - Iraq Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iraq Food Inflation - values, historical data and charts - was last updated on August of 2020.
Food Inflation in Iraq is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Iraq to stand at 1.00 in 12 months time. In the long-term, the Iraq Food Inflation is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.