Inflation Rate in Kuwait decreased to 3.82 percent in October from 4.09 percent in September of 2021. source: Kuwait Central Statistical Bureau

Inflation Rate in Kuwait averaged 2.80 percent from 1995 until 2021, 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 January of 2022.

Inflation Rate in Kuwait is expected to be 3.20 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 2.50 percent in 2023, according to our econometric models.

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Kuwait Inflation Rate


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). .
Actual Previous Highest Lowest Dates Unit Frequency
3.82 4.09 11.70 -1.15 1995 - 2021 percent Monthly
2013=100

Calendar GMT Actual Previous Consensus TEForecast
2021-05-31 07:30 AM Apr 3.1% 3.2%
2022-01-06 03:00 PM Oct 3.82% 4.1% 4%
2022-01-24 03:00 PM Nov 3.82% 3.9%


Related Last Previous Unit Reference
Inflation Rate 3.82 4.09 percent Oct/21
Food Inflation 7.70 8.16 percent Oct/21
CPI Transportation 134.80 134.60 points Oct/21
Consumer Price Index CPI 122.40 122.10 points Oct/21
Inflation Rate Mom 0.25 1.30 percent Oct/21


News Stream
Kuwait Inflation Rate Slows to 3.8% in October
The inflation rate in Kuwait slowed down to 3.8 percent in October of 2021, from a more than 5-year high of 4.1 hit in September. Prices slowed down for food & non-alcoholic beverages (7.7 percent vs 8.2 percent in September); clothing & footwear (5.4 percent vs 6 percent); furnishings (2.5 percent vs 2.8 percent) and recreation & culture (3.7 percent vs 4.3 percent). On a monthly basis, consumer prices edged up 0.25 percent, below a 1.3 percent increase in the previous month.
2022-01-06
Kuwait Inflation Rate Quickens in June
Annual inflation rate in Kuwait rose to 3.36 percent in June of 2021 from 3.20 percent in May of 2021. That was the highest rate since September of 2016, as prices advanced faster for food & beverages (11.47 percent vs 11.34 percent in May); transport (5.49 percent vs 4.23 percent); housing & utilities (0.17 percent vs 0.09 percent); clothing & footwear (6.17 percent vs 5.93 percent); recreation & culture (8.37 percent vs 7.82 percent); and health (2.27 percent vs 2.09 percent). Meanwhile, inflation slowed for communication (4.43 percent vs 4.8 percent); and miscellaneous goods & services (4.22 percent vs 4.69 percent). On a monthly basis, consumer prices went up 0.5 percent, above 0.34 percent uptick in the previous month.
2021-11-15
Kuwait Inflation Rate Rises to 3.2%
Annual inflation rate in Kuwait edged up to 3.2 percent in May of 2021 from 3.1 percent in April of 2021. Inflation rose for food & beverages (11.34 percent vs 10.75 percent in April), while slowed for clothing & footwear (5.93 percent vs 6.03 percent) and miscellaneous goods & services (4.69 percent vs 4.90 percent). Meanwhile, inflation remained stable for furnishing (at 4.07 percent), transport (at 4.23 percent), housing & utilities (at 0.09 percent). On a monthly basis, consumer prices inched up 0.34 percent, after a 0.17 percent downtick in the previous month.
2021-10-28