Kuwait Inflation Rate

Last Release

Dec 31, 2024

Actual

2.5

Units In

2.36

Frequency

Monthly

Next Release

Feb 20, 2025

Time to Release

27 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
11.7 Aug 2008	-1.15 Apr 1998	2.88 %	1995-2024	Kuwait Central Statistical Bureau

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). .

Latest Updates

The annual inflation rate in Kuwait rose to 2.5% in December 2024, from 2.36% in the previous month. This marked the highest reading since September, as prices accelerated for food & beverages (5% vs 4.66% in November), housing services (0.9% vs 0.57%), and recreation & culture (2.64% vs 2.42%). Additionally, costs declined less for transport (-1.47% vs -1.89%). Meanwhile, inflation moderated for clothing & footwear (5.13% vs 5.54%) and home furnishings & maintenance equipment (3.51% vs 4.05%). On a monthly basis, consumer prices increased by 0.45%, marking the highest reading since June 2023, following a 0.15% gain in the preceding period.