Inflation Rate in Kuwait increased to 3.03 percent in February from 2.95 percent in January of 2021. source: Kuwait Central Statistical Bureau

Inflation Rate in Kuwait averaged 2.79 percent from 1995 until 2021, 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 April of 2021.

Inflation Rate in Kuwait is expected to be 3.50 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 3.20 in 12 months time. In the long-term, the Kuwait Inflation Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.

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Kuwait Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.03 2.95 11.70 -1.15 1995 - 2021 percent Monthly
2013=100


Calendar GMT Actual Previous Consensus TEForecast
2020-12-30 08:50 AM Nov 2.78% 2.52% 2.3%
2021-02-07 09:00 AM Dec 2.95% 2.78% 2.7%
2021-02-24 08:15 AM Jan 2.95% 2.95% 4.6%
2021-03-30 09:15 AM Feb 3.03% 2.95% 3.3%
2021-05-04 01:00 PM Mar 3.5%
2021-06-10 04:15 AM Apr
2021-06-30 06:40 AM May
2021-07-29 08:00 AM Jun
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Kuwait December Inflation Rate at Over 4-Year High
The annual inflation rate in Kuwait rose for the third straight month to 2.95 percent in December of 2020, its highest level since November of 2016. Main upward pressure came from prices of food & non-alcoholic beverages (9.81 percent vs 9.83 percent in November); clothing & footwear (6.19 percent vs 5.65 percent); furnishings (4.18 percent vs 3.95 percent); recreation & culture (7.23 percent vs 6.40 percent); communication (5.30 percent vs 4.24 percent) and services & miscellaneous goods (5.73 percent vs 5.20 percent). On a monthly basis, consumer prices inched up 0.35 percent, after increasing 0.25 percent in the prior month.
2021-02-07
Kuwait November Inflation Rate at 4-Year High
Annual inflation rate in Kuwait rose to 2.78 percent in November of 2020 from 2.52 percent in the prior month, its highest level since November of 2016. Main upward pressure came from prices of food & non-alcoholic beverages (9.83 percent vs 8.38 percent in October), clothing & footwear (5.65 percent vs 5.38 percent) and recreation & culture (6.40 percent vs 6.41 percent). On a monthly basis, consumer prices went up 0.25 percent, following a 0.51 percent increase in the previous month.
2020-12-30
Kuwait November Inflation Rate at Near 4-Year High
Annual inflation rate in Kuwait rose to 2.52 percent in October of 2020 from 2 percent in the prior month, reaching its highest since November of 2016. Main upward pressure came from prices of food & non-alcoholic beverages (8.38 percent vs 7.01 percent in September) and recreation & culture (6.41 percent vs 5.60 percent).On a monthly basis, consumer prices inched 0.51 percent, the most since June of 2019, following a 0.17 percent increase in the previous month.
2020-12-07
Kuwait Inflation Rate Eases from 3-1/2-Year High
Annual inflation rate in Kuwait fell to 2.00 percent in September of 2020 from 2.18 percent in August which was close to levels not seen in more than three years. Housing prices remained flat while furniture & household equipment cost decreased (3.46 percent vs 3.73 percent). On the other hand, food & beverages prices rose faster (7.01 percent vs 5.02 percent) and transport (3.27 percent vs 0.40 percent). On a monthly basis, consumer prices increased 0.17 percent after a 0.43percent rise in the previous month.
2020-11-01

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). .