Kuwait' annual inflation rate came in at 1.2 percent in August of 2019, unchanged from the previous month. Prices advanced faster for food & beverages (1.1 percent vs 1.0 percent in July); furniture & household equipment (2.6 percent vs 1.9 percent); miscellaneous goods & services (1.4 percent vs 0.6 percent); communication (4.9 percent vs 4.8 percent) and health (2.5 percent vs 2.2 percent). Meantime, inflation was steady for clothing & footwear (at 1.7 percent); education (at 2.4 percent) and restaurants & hotels (at 1.3 percent). On the other hand, housing cost declined (0.8 percent, the same as in July) while prices went up at a softer pace for transport (4.4 percent vs 4.7 percent) and recreation & culture (3.5 percent vs 3.9 percent). On a monthly basis, consumer prices rose 0.2 percent, after increasing 0.3 percent in the prior month. Inflation Rate in Kuwait averaged 2.83 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 2.00 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 2.50 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.

Kuwait Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-24 11:45 AM Inflation Rate YoY May 0.8% 0.7% 1.1%
2019-07-22 08:30 AM Inflation Rate YoY Jun 1.1% 0.8% 1%
2019-08-20 06:15 AM Inflation Rate YoY Jul 1.2% 1.1% 0.9%
2019-10-07 09:30 AM Inflation Rate YoY Aug 1.2% 1.2% 1.4%
2019-10-22 03:00 AM Inflation Rate YoY Sep 1.2% 1.6%
2019-11-21 05:10 AM Inflation Rate YoY Oct 1.5%
2019-12-26 07:00 AM Inflation Rate YoY Nov 1.8%


Kuwait Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 1.20 11.70 -1.15 percent [+]
Producer Prices 137.00 136.90 137.00 80.40 Index Points [+]
Inflation Rate Mom 0.20 0.30 2.20 -0.80 percent [+]
Consumer Price Index Cpi 114.60 114.40 114.60 65.30 Index Points [+]
CPI Transportation 125.20 125.30 125.30 102.10 Index Points [+]
Food Inflation 1.10 1.00 14.20 -1.60 percent [+]


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). . 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.20 11.70 -1.15 1995 - 2019 percent Monthly
2007=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 2.89 Sep/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 0.90 Sep/19
France 0.90 Sep/19
Germany 1.20 Sep/19
India 3.99 Sep/19
Indonesia 3.39 Sep/19
Italy 0.40 Sep/19
Japan 0.30 Aug/19
Mexico 3.00 Sep/19
Netherlands 2.60 Sep/19
Russia 4.00 Sep/19
Saudi Arabia -1.10 Aug/19
Singapore 0.50 Aug/19
South Africa 4.30 Aug/19
South Korea -0.40 Sep/19
Spain 0.10 Sep/19
Switzerland 0.10 Sep/19
Turkey 9.26 Sep/19
United Kingdom 1.70 Aug/19
United States 1.70 Sep/19


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