Middle East Economic Survey


No 17


Fuel Prices And Inflation In Iraq: The Rise And Fall Of A Supply Shock 1

By Ali Merza

Dr Merza has worked for the Iraqi Ministries of Oil and Planning and for the UN Department of Economic and Social Affairs (E-mail: akmerza@hotmail.com).

Inflationary Trends 2003-09

Since 2003 domestic fuel price changes have played important role in accelerating and then dampening inflation in Iraq, from a prime mover upwards in 2002-07 (acute shortages of...