Kuwait Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Kuwait inflation rate for 2022 was 3.98%, a 0.56% increase from 2021.
  • Kuwait inflation rate for 2021 was 3.42%, a 1.32% increase from 2020.
  • Kuwait inflation rate for 2020 was 2.10%, a 1.01% increase from 2019.
  • Kuwait inflation rate for 2019 was 1.09%, a 0.55% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lithuania 19.71%
Estonia 19.40%
Latvia 17.31%
Czech Republic 15.10%
Hungary 14.61%
Poland 14.43%
Slovak Republic 12.77%
Palau 12.35%
Chile 11.64%
Croatia 10.78%
Netherlands 10.00%
Greece 9.65%
Belgium 9.60%
Uruguay 9.10%
Slovenia 8.83%
Austria 8.55%
Cyprus 8.40%
Spain 8.39%
Sweden 8.37%
Iceland 8.31%
Italy 8.20%
United States 8.00%
United Kingdom 7.92%
Portugal 7.83%
Ireland 7.81%
Denmark 7.70%
Antigua and Barbuda 7.53%
New Zealand 7.17%
Finland 7.12%
Germany 6.87%
Canada 6.80%
Australia 6.59%
Luxembourg 6.34%
Malta 6.15%
Singapore 6.12%
Trinidad and Tobago 5.83%
Norway 5.76%
Bahamas 5.61%
France 5.22%
South Korea 5.09%
Qatar 5.00%
UAE 4.83%
Israel 4.39%
Kuwait 3.98%
Brunei 3.68%
Bahrain 3.63%
Panama 2.86%
Switzerland 2.84%
Oman 2.81%
St. Kitts and Nevis 2.67%
Japan 2.50%
Saudi Arabia 2.47%
Hong Kong 1.88%
Macao 1.05%
Bermuda 0.00%
Cayman Islands 0.00%
St. Martin (French part) 0.00%
Turks and Caicos Islands 0.00%
Andorra 0.00%
Curacao 0.00%
Seychelles 0.00%
Aruba 0.00%
Guam 0.00%
French Polynesia 0.00%
Sint Maarten (Dutch part) 0.00%
Channel Islands 0.00%
Greenland 0.00%
Virgin Islands (U.S.) 0.00%
New Caledonia 0.00%
Puerto Rico 0.00%
British Virgin Islands 0.00%
Gibraltar 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
Isle of Man 0.00%
San Marino 0.00%
Argentina 0.00%
Barbados 0.00%
Faroe Islands 0.00%
Monaco 0.00%
Kuwait Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 3.98% 0.56%
2021 3.42% 1.32%
2020 2.10% 1.01%
2019 1.09% 0.55%
2018 0.54% -1.63%
2017 2.17% -1.03%
2016 3.20% -0.07%
2015 3.27% 0.36%
2014 2.91% 0.23%
2013 2.68% -0.57%
2012 3.26% -1.58%
2011 4.84% 0.34%
2010 4.50% -0.11%
2009 4.61% -5.97%
2008 10.58% 5.10%
2007 5.48% 2.43%
2006 3.06% -1.09%
2005 4.14% 2.89%
2004 1.25% 0.29%
2003 0.96% 0.07%
2002 0.89% -0.41%
2001 1.30% -0.51%
2000 1.81% -1.18%
1999 2.99% 2.86%
1998 0.13% -0.55%
1997 0.68% -2.87%
1996 3.55% 0.87%
1995 2.69% 0.15%
1994 2.53% 2.15%
1993 0.38% 0.93%
1992 -0.55% -9.60%
1991 9.06% -0.78%
1990 9.83% 6.49%
1989 3.34% 1.87%
1988 1.47% 0.81%
1987 0.65% -0.30%
1986 0.95% -0.54%
1985 1.49% 0.31%
1984 1.18% -3.54%
1983 4.72% -3.06%
1982 7.78% 0.40%
1981 7.37% 0.45%
1980 6.93% -0.12%
1979 7.05% -1.64%
1978 8.69% -1.20%
1977 9.89% 4.65%
1976 5.24% -3.16%
1975 8.39% -4.60%
1974 12.99% 4.73%
1973 8.27% 8.27%
1972 0.00% 0.00%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%