Annual inflation rate in Kuwait edged down to 3.1 percent in April of 2021 from 3.2 percent in March of 2021 but remained close to levels not seen in more than five years. Inflation rose at a softer pace for clothing & footwear (6.03 percent vs 6.72 percent in March); furnishing (4.07 percent vs 4.42 percent); communication (4.63 percent vs 4.73 percent) and was little changed for services & miscellaneous goods (4.90 percent vs 4.93 percent) and food & beverages (10.75 percent vs 10.76 percent). In contrast, inflation edged up for recreation and culture (7.83 percent vs 7.66 percent). On a monthly basis, consumer prices inched down 0.17 percent, after a 0.25 percent rise in the prior month. 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 July of 2021.
Inflation Rate in Kuwait is expected to be 3.80 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.