Kuwait Inflation Rate 1973-2024
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 2023 was 3.64%, a 0.34% decline from 2022.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
3.64% |
-0.34% |
| 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% |
4.73% |
