Baghdad (IraqiNews.com) – The Iraqi Ministry of Planning revealed on Saturday that the inflation rate in the country declined during October 2025.
The spokesperson for the Planning Ministry, Abdul-Zahra al-Hindawi, told the state-run news agency (INA) that the monthly inflation rate declined by 0.3 percent compared to September.
Annual inflation also fell by 0.5 percent in October compared to the same month in 2024, according to al-Hindawi.
The Iraqi official explained that the decline in inflation is mostly attributable to lower costs for food and beverages, as well as in the housing sector.
Member of the Central Bank of Iraq’s (CBI) media office, Alaa al-Fahd, said recently that inflation rates in Iraq, according to assessments by the International Monetary Fund (IMF) and the World Bank, have reached historically low levels compared to other countries in the region.
Last month, the IMF projected that the inflation rate in Iraq will fall in 2028.
According to a report released by the IMF, Iraq’s annual inflation rate was 3.6 percent in 2024, compared to 5.3 percent in 2023 and five 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.
