The International Monetary Agency expects annual inflation in Iraq to rise to 6.6% in 2023

The International Monetary Agency expects annual inflation in Iraq to rise to 6.6% in 2023

2023-05-18 03:57

The International Monetary Agency expects annual inflation in Iraq to rise to 6.6 percent in 2023Shafaq News / The International Monetary Fund expected that the annual inflation in Iraq will rise to 6.6% in 2023.

The fund said in its latest schedule for the month of May of 2023 that “the annual inflation of consumer prices in Iraq is expected to rise during 2023 to reach 6.6%, after it was 5% in 2022.”

He added that “the annual inflation in Iraq is also expected to decrease during the year 2024 to 1.6%,” noting that “the annual inflation in Iraq during the year 2020 amounted to 0.6%, to rise in 2021 to 6%.”

He pointed out that “the largest annual inflation recorded for the Arab countries during the year 2022 was in Algeria, where inflation reached 9.3%, followed by Egypt at 8.5%, while Saudi Arabia recorded the lowest annual inflation rate for the same year among the Arab countries at 2.5%.”

shafaq.com