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Kuwait Annual Inflation Rate

Kuwait's annual inflation rate fell to 2.9% in 2024, down from 3.64% in 2023, according to World Bank. This represents a decrease of 0.74% from the previous year. Kuwait has annual inflation rate lower than the global median (2.90% vs median 3.16%). Compared with the median in Asia, Kuwait is higher (2.90% vs regional median 2.56%) and ranks 20th out of 44 countries in Asia.

Yearly Historical Data (1973-2024)

(in %)
Year Annual Inflation Rate (%)
2024 2.9%
2023 3.64%
2022 3.98%
2021 3.42%
2020 2.1%
2019 1.09%
2018 0.54%
2017 2.17%
2016 3.2%
2015 3.27%
2014 2.91%
2013 2.68%
2012 3.26%
2011 4.84%
2010 4.5%
2009 4.61%
2008 10.58%
2007 5.48%
2006 3.06%
2005 4.14%
2004 1.25%
2003 0.96%
2002 0.89%
2001 1.3%
2000 1.81%
1999 2.99%
1998 0.13%
1997 0.68%
1996 3.55%
1995 2.69%
1994 2.53%
1993 0.38%
1992 -0.55%
1991 9.06%
1990 9.83%
1989 3.34%
1988 1.47%
1987 0.65%
1986 0.95%
1985 1.49%
1984 1.18%
1983 4.72%
1982 7.78%
1981 7.37%
1980 6.93%
1979 7.05%
1978 8.69%
1977 9.89%
1976 5.24%
1975 8.39%
1974 12.99%
1973 8.27%
Kuwait Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Kuwait.
Indicator Last Value Prior Value Period
Inflation Rate 2.4% 2.3% Jul'25
Inflation Rate MoM 0.2% 0.3% Jul'25