Baghdad (IraqiNews.com) – Iraq’s Ministry of Planning announced today, Tuesday (September 23, 2025), a significant drop in the country’s annual inflation rate, which fell by 1% in August compared to the same month last year. This positive trend indicates a successful effort to maintain price stability despite minor monthly fluctuations.
According to Abdul Zahra Al-Hindawi, the spokesperson for the Ministry of Planning, the monthly inflation rate saw a slight increase of 0.8% in August, contrasting with a 0.1% decrease in July. This marginal monthly rise was primarily driven by price increases in three key sectors:
- Food and non-alcoholic beverages: up by 1.7%
- Housing: up by 0.1%
- Miscellaneous goods and services: up by 0.6%
Al-Hindawi added that prices remained stable in five other sectors, while four sectors saw a decrease in prices. The overall annual drop of 1% underscores the effectiveness of the government’s economic policies in managing prices and ensuring financial stability for citizens.
