Annual inflation rate in Kuwait rose to 2.18 percent in August of 2020 from 1.92 percent in July, reaching the highest level since February of 2017. Main upward pressure came from food & beverages (5 percent vs 3.7 percent in July); miscellaneous goods & services (5.5 percent, the same pace as in July); recreation & culture (2.5 percent vs 0.8 percent) and transport (0.4 percent vs 0.3 percent). Meantime, housing prices remained flat while inflation slowed for home furnishings (3.7 percent vs 4 percent) and communication (2.8 percent vs 3.2 percent). On a monthly basis, consumer prices went up 0.4 percent, the same pace as in the previous month.

Inflation Rate in Kuwait averaged 2.79 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 October of 2020.

Inflation Rate in Kuwait is expected to be 2.40 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 1.90 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
2.18 1.92 11.70 -1.15 1995 - 2020 percent Monthly
2007=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 06:40 AM May 1.9% 1.9% 1.6%
2020-07-29 08:00 AM Jun 1.75% 1.94% 1.8%
2020-08-31 07:00 AM Jul 1.92% 1.75% 2.1%
2020-10-04 09:00 AM Aug 2.18% 1.92% 2.0%
2020-10-26 11:00 AM Sep 2.18% 2.5%
2020-11-23 11:00 AM Oct
2020-12-21 11:00 AM Nov


News Stream
Kuwait Inflation Rate at 3-1/2-Year High of 2.18%
Annual inflation rate in Kuwait rose to 2.18 percent in August of 2020 from 1.92 percent in July, reaching the highest level since February of 2017. Main upward pressure came from food & beverages (5 percent vs 3.7 percent in July); miscellaneous goods & services (5.5 percent, the same pace as in July); recreation & culture (2.5 percent vs 0.8 percent) and transport (0.4 percent vs 0.3 percent). Meantime, housing prices remained flat while inflation slowed for home furnishings (3.7 percent vs 4 percent) and communication (2.8 percent vs 3.2 percent). On a monthly basis, consumer prices went up 0.4 percent, the same pace as in the previous month.
2020-10-04
Kuwait Inflation Rate Rises to 1.9%
Annual inflation rate in Kuwait increased to 1.92 percent in July of 2020 from 1.75 percent in June, back to levels not seen in 3 years. Main categories showed a rise in consumer prices: food and beverages (3.7 percent vs 3.1 percent), home furnishings (4 percent vs 3.4 percent) and transport (0.3 percent vs 0.2 percent in June) while housing prices were flat. On a monthly basis, consumer prices increased 0.4 percent, the biggest monthly rise since June of 2019.
2020-08-31
Kuwait Inflation Rate Eases from 3-Year High
Annual inflation rate in Kuwait fell to 1.75 percent in June of 2020 from 1.9 percent in May which was close to levels not seen in three years. A slowdown was recorded for transport (0.2 percent vs 3.7 percent in May) while prices rose faster for food and beverages (3.1 percent vs 1.9 percent) and home furnishings (3.4 percent vs 3.1 percent). Also, housing prices were flat (-0.3 percent). On a monthly basis, consumer prices increased 0.35 percent after a 0.26 percent rise in the previous month.
2020-07-29
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
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). .