The annual inflation rate in Kuwait edged down to 1.5 percent in December of 2019 from 1.6 percent in the prior month. Prices slowed for food and non-alcoholic beverages (1.8 percent vs 2.0 percent in November); transport (3.9 percent vs 4.4 percent); education (2.9 percent vs 3.9 percent) and recreation & culture (3.2 percent vs 3.9 percent) while housing cost continued to fall (-0.9 percent, the same pace as in November). On the other hand, inflation was steady for clothing & footwear (at 2.3 percent) and health (at 2.8 percent) while prices advanced faster for miscellaneous goods & services (2.6 percent vs 2.4 percent) and communication (4.5 percent vs 4.2 percent). On a monthly basis, consumer prices rose 0.2 percent, after a flat reading in November.

Inflation Rate in Kuwait averaged 2.81 percent from 1995 until 2019, 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.

Inflation Rate in Kuwait is expected to be 2.10 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 3.00 in 12 months time. In the long-term, the Kuwait Inflation Rate is projected to trend around 3.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.


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Kuwait Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.60 11.70 -1.15 1995 - 2019 percent Monthly
2007=100


Calendar GMT Actual Previous Consensus TEForecast
2019-10-21 03:20 AM Sep 1.7% 1.2% 1.6%
2019-11-20 01:30 PM Oct 1.5% 1.7% 1.5%
2019-12-23 01:50 AM Nov 1.6% 1.5% 1.8%
2020-01-20 06:15 AM Dec 1.5% 1.6% 1.5%
2020-02-24 11:00 AM Jan 1.5% 1.7%
2020-03-23 11:00 AM Feb 1.8%
2020-04-21 11:00 AM Mar 2.1%
2020-05-21 11:00 AM Apr


News Stream
Kuwait Inflation Rate Slows in December
The annual inflation rate in Kuwait edged down to 1.5 percent in December of 2019 from 1.6 percent in the prior month. Prices slowed for food and non-alcoholic beverages (1.8 percent vs 2.0 percent in November); transport (3.9 percent vs 4.4 percent); education (2.9 percent vs 3.9 percent) and recreation & culture (3.2 percent vs 3.9 percent) while housing cost continued to fall (-0.9 percent, the same pace as in November). On the other hand, inflation was steady for clothing & footwear (at 2.3 percent) and health (at 2.8 percent) while prices advanced faster for miscellaneous goods & services (2.6 percent vs 2.4 percent) and communication (4.5 percent vs 4.2 percent). On a monthly basis, consumer prices rose 0.2 percent, after a flat reading in November.
2020-01-20
Kuwait Inflation Rate Rises to 1.6% in November
The annual inflation rate in Kuwait inched higher to 1.6 percent in November of 2019 from 1.5 percent in the prior month. Inflation accelerated for: food & beverages (2.0 percent vs 1.3 percent in October); miscellaneous goods & services (2.4 percent vs 2.2 percent), and recreation & culture (3.3 percent vs 3.2 percent). Inflation was steady for both health (at 2.8 percent) and education (3.9 percent). Meanwhile, inflation slowed for: transport (4.4 percent vs 4.5 percent); furniture & household equipment (2.9 percent vs 3.1 percent); communication (4.2 percent vs 4.7 percent), and clothing & footwear (2.3 percent vs 2.4 percent). On the other hand, housing cost continued to fall (-0.9 percent, the same pace as in October). On a monthly basis, consumer prices showed no growth, the same as in the prior month.
2019-12-23
Kuwait Inflation Rate Slows in October
The annual inflation rate in Kuwait edged down to 1.5 percent in October of 2019 from 1.7 percent in the prior month. Housing cost continued to fall (-0.9 percent vs -0.8 percent in September) while prices slowed for food & beverages (1.3 percent vs 1.8 percent); furniture & household equipment (3.1 percent vs 3.3 percent); communication (4.7 percent vs 5.4 percent) and health (2.8 percent vs 2.9 percent). On the other hand, cost advanced faster for clothing & footwear (2.4 percent vs 2.3 percent); miscellaneous goods & services (2.2 percent vs 2.1 percent) and recreation & culture (3.2 percent vs 3.0 percent) while inflation was steady for transport (at 4.5 percent) and education (at 3.9 percent). On a monthly basis, consumer prices showed no growth, after increasing percent in the prior month.
2019-11-20
Kuwait Inflation Rate at Near 2-1/2 Year High of 1.7%
Kuwait' annual inflation rate increased to 1.7 percent in September of 2019 from 1.2 percent in the previous month. This was the highest inflation rate since May 2017, as prices advanced faster for food & beverages (1.8 percent vs 1.1 percent in August); furniture & household equipment (3.3 percent vs 2.6 percent); clothing & footwear (2.3 percent vs 1.7 percent); transport (4.5 percent vs 4.4 percent); miscellaneous goods & services (2.1 percent vs 1.4 percent); education (3.9 percent vs 2.4 percent); communication (5.4 percent vs 4.9 percent), and health (2.9 percent vs 2.5 percent). Meantime, prices went up softer for recreation & culture (3.0 percent vs 3.5 percent). On the other hand, housing cost continued to decline (-0.8 percent, the same pace as in August). On a monthly basis, consumer prices rose 0.4 percent, after increasing 0.2 percent in the prior month.
2019-10-21

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). .