The annual inflation rate in Kuwait climbed to 1.2 percent in July of 2019 from 1.1 percent in the previous month, the highest since November of 2017. Inflation Rate in Kuwait averaged 2.84 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.
Inflation Rate in Kuwait is expected to be 1.60 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 2.20 in 12 months time. In the long-term, the Kuwait Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.