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. source: Kuwait Central Statistical Bureau

Inflation Rate in Kuwait averaged 2.78 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 January of 2021.

Inflation Rate in Kuwait is expected to be 2.70 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
2.78 2.52 11.70 -1.15 1995 - 2020 percent Monthly
2013=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-04 09:00 AM Aug 2.18% 1.92% 2.0%
2020-11-01 12:00 AM Sep 2.00% 2.18% 2.5%
2020-12-06 12:00 AM Oct 2.5% 2% 2.1%
2020-12-30 08:50 AM Nov 2.78% 2.52% 2.3%
2021-01-20 09:00 AM Dec 2.78% 2.7%
2021-02-20 07:00 AM Jan
2021-04-05 12:00 PM Feb
2021-05-04 01:00 PM Mar
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 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
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). .