Consumer Price Index for Iraq
DDOE02IQA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.42
Year-over-Year Change
146.28%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index for Iraq measures the changes in the general price level of consumer goods and services purchased by Iraqi households. It is a key indicator of inflation and an important economic statistic for policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Consumer Price Index for Iraq tracks the cost of a representative basket of consumer goods and services purchased by Iraqi households. It is a widely-used measure of inflation that helps assess the purchasing power of the Iraqi dinar and can inform monetary and fiscal policy decisions.
Methodology
The index is calculated by the World Bank based on national-level consumer price data collected by the Iraqi Central Statistical Organization.
Historical Context
The Consumer Price Index for Iraq is monitored by the Central Bank of Iraq, the International Monetary Fund, and other institutions to gauge economic conditions and guide policy.
Key Facts
- Iraq's CPI has risen over 200% since 2003.
- Food and housing are the largest components of the Iraqi CPI basket.
- Iraq experienced hyperinflation in the 1980s and 1990s.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Iraq measures the changes in the general price level of consumer goods and services purchased by Iraqi households.
Q: Why is this trend relevant for users or analysts?
A: The Iraqi CPI is a key indicator of inflation that helps assess the purchasing power of the Iraqi dinar and can inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The index is calculated by the World Bank based on national-level consumer price data collected by the Iraqi Central Statistical Organization.
Q: How is this trend used in economic policy?
A: The Consumer Price Index for Iraq is monitored by the Central Bank of Iraq, the International Monetary Fund, and other institutions to gauge economic conditions and guide policy.
Q: Are there update delays or limitations?
A: The Iraqi CPI data is published by the World Bank with some delays, and may have limitations due to Iraq's economic and political conditions.
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Citation
U.S. Federal Reserve, Consumer Price Index for Iraq (DDOE02IQA086NWDB), retrieved from FRED.