The annual inflation rate in Kuwait rose to 4.71 percent in April of 2022 from 4.36 percent in the previous month. It was the highest inflation rate since October of 2011. Prices increased faster for food & beverages (9.13 percent vs 7.18 percent); and clothing and footwear (6.38 percent vs 6.13 percent). Meanwhile inflation was steady for transport (at 4.82 percent) and housing and utilities (at 2.26 percent). On a monthly basis, consumer prices edged up 0.16 percent, easing from a 0.24 percent uptick in the previous month. source: Kuwait Central Statistical Bureau
Inflation Rate in Kuwait averaged 2.83 percent from 1995 until 2022, 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 June of 2022.
Inflation Rate in Kuwait is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Inflation Rate is projected to trend around 2.80 percent in 2023 and 2.50 percent in 2024, according to our econometric models.