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.
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 August 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.