Kuwait Inflation Rate 1973-2022

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 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.
  • Kuwait inflation rate for 2018 was 0.54%, a 1.63% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Uruguay 7.75%
Hungary 5.11%
Poland 5.06%
United States 4.70%
Lithuania 4.68%
Estonia 4.65%
Chile 4.52%
Iceland 4.44%
New Zealand 3.94%
Czech Republic 3.84%
Norway 3.48%
Kuwait 3.42%
Canada 3.40%
Latvia 3.28%
Slovak Republic 3.15%
Germany 3.14%
Spain 3.09%
Saudi Arabia 3.06%
Bahamas 2.90%
Australia 2.86%
Austria 2.77%
Netherlands 2.68%
Palau 2.66%
Croatia 2.55%
Luxembourg 2.53%
United Kingdom 2.52%
South Korea 2.50%
Cyprus 2.45%
Belgium 2.44%
Ireland 2.36%
Singapore 2.30%
Qatar 2.30%
Finland 2.19%
Sweden 2.16%
Antigua and Barbuda 2.06%
Slovenia 1.92%
Italy 1.87%
Denmark 1.85%
Brunei 1.73%
France 1.64%
Panama 1.63%
Hong Kong 1.57%
Oman 1.55%
Malta 1.50%
Israel 1.49%
Portugal 1.27%
Greece 1.22%
St. Kitts and Nevis 1.20%
Switzerland 0.58%
Japan -0.23%
Bahrain -0.61%
Kuwait Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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% 4.73%