Kuwait's annual inflation remained unchanged for the third straight month at 1.9% in May of 2020, its highest level in three years. Main upward pressure came from prices of transport (3.7% vs 3.6% in April); services & miscellaneous goods (5.4% vs 4.7%); tobacco & narcotics (3.3% vs 3.1%); recreation & culture (3.3% vs 3.2%); health (2.3% vs 1.9%) and food & beverages (1.9% vs 1.3%). On the other hand, costs continued to fall for housing (-0.3% vs -0.2%). On a monthly basis, consumer prices inched up 0.26%, following a 0.1% increase in the previous month.

Inflation Rate in Kuwait averaged 2.80 percent from 1995 until 2020, reaching an all time high of 11.70 percent in August of 2008 and a record low of -1.15 percent in April of 1998. This page provides the latest reported value for - Kuwait Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kuwait Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Inflation Rate in Kuwait is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Kuwait to stand at 1.70 in 12 months time. In the long-term, the Kuwait Inflation Rate is projected to trend around 2.00 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Kuwait Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.90 11.70 -1.15 1995 - 2020 percent Monthly
2007=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-05 12:00 PM Feb 1.7% 1.7% 1.8%
2020-05-04 01:00 PM Mar 1.9% 1.7% 1.5%
2020-06-10 04:15 AM Apr 1.9% 1.9% 2.0%
2020-06-30 06:40 AM May 1.9% 1.9% 1.6%
2020-07-21 11:00 AM Jun 1.9% 1.5%
2020-08-24 11:00 AM Jul
2020-09-21 11:00 AM Aug
2020-10-21 11:00 AM Sep 2.5%


News Stream
Kuwait Inflation Rate Steady at 3-Year High of 1.9%
Kuwait's annual inflation remained unchanged for the third straight month at 1.9% in May of 2020, its highest level in three years. Main upward pressure came from prices of transport (3.7% vs 3.6% in April); services & miscellaneous goods (5.4% vs 4.7%); tobacco & narcotics (3.3% vs 3.1%); recreation & culture (3.3% vs 3.2%); health (2.3% vs 1.9%) and food & beverages (1.9% vs 1.3%). On the other hand, costs continued to fall for housing (-0.3% vs -0.2%). On a monthly basis, consumer prices inched up 0.26%, following a 0.1% increase in the previous month.
2020-06-30
Kuwait Inflation Rate Unchanged at 3-Year High
Kuwait's annual inflation rate stood at 1.9 percent in April 2020, unchanged from the previous month's three-year high, as upward pressure came from furnishing & household equipment (3.1 percent vs 2.9 percent in March), clothing & footwear (3.5 percent vs 2.8 percent), transport (3.6 percent, the same as in March) and miscellaneous goods & services (4.7 percent vs 4.0 percent). Meanwhile, food & beverages prices rose at a slower pace (1.3 percent vs 2.8 percent). On a monthly basis, consumer prices edged down 0.1 percent in April.
2020-06-10
Kuwait March Inflation Rate at Near 3-Year High of 1.9%
Kuwait annual inflation rose to 1.9 percent in March of 2020 from 1.5 percent in the previous month. It was the highest inflation rate since May of 2017, as prices advanced faster for miscellaneous goods & services (4 percent vs 3.2 percent in February) and communication (4.1 percent vs 3.9 percent). Meantime, inflation remained steady for food & beverages (at 2.8 percent); clothing & footwear (at 2.8 percent); furnishings (at 2.9 percent) and restaurants & hotels (at 1.3 percent). On the other hand, inflation slowed for transport (3.6 percent vs 3.8 percent) while housing cost fell (-0.2 percent vs -0.9 percent). On a monthly basis, consumer prices went up 0.1 percent, the same pace as in the preceding month.
2020-05-04
Kuwait Inflation Rate Steady at 1.7% in February
Kuwait' annual inflation rate came in at 1.7 percent in February of 2020, unchanged from the previous month. Prices advanced faster for food & beverages (2.8 percent vs 2.5 percent in January) and clothing & footwear (2.8 percent vs 2.3 percent) while furniture & household equipment inflation was steady (at 2.9 percent). On the other hand, housing cost continued to fall (-0.9 percent, the same pace as in January) while transport prices slowed (3.8 percent vs 3.9 percent). On a monthly basis, consumer prices edged up 0.1 percent, the same as in the prior month.
2020-04-05

Kuwait Inflation Rate
In Kuwait, the main components of the Consumer Price Index (CPI) are: housing (33.2 percent); food and beverages (16.7 percent); furnishing and household equipment (11.4 percent); clothing and footwear (8 percent) and transport (7.5 percent). The index also includes miscellaneous goods and services (5.8 percent); education (4.2 percent); communication (4 percent); recreation and culture (3.9 percent); restaurants and hotels (3.4 percent); health (1.5 percent) and tobacco (0.3 percent). .