The impact of oil price fluctuations on inflation rates in Iraq for the period (2004-2020)

Abstract

Oil is a source of energy in the world as it is an essential element that enters many areas of service, production and consumption. It is also a strategic commodity with great economic value. Therefore, researchers are quick to present the topic because of its significant economic impact on all economic variables, whether in oil countries or not Oil. The research aims to know the extent to which the Iraqi economic activity is related and affected by fluctuations in international oil prices, through its reflection on inflation rates. Acceptable limits. The research reached several recommendations, including the continuation of controlling inflation rates by the monetary authority.