Average inflation measured by CPI reached 0.800 % in 2018 in Kuwait, according to the National Statistical Office. This is 3584 % more than in the previous year.
Historically, average inflation measured by CPI in Kuwait reached an all time high of 0.800 % in 2018 and an all time low of -0.005 % in 1992. When compared to Kuwait's main peers, average inflation measured by CPI in Bahrain amounted to 2.97 %, 2.00 % in Iraq, 29.6 % in Iran and 2.60 % in Saudi Arabia in 2018.
Kuwait has been ranked 167th within the group of 174 countries we follow in terms of average inflation measured by CPI, 93 places behind the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) 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.
Inflation, CPI (Average) | Unit | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Bahrain | % | 0.014% | 2.97% | 4.78% | 2.38% | 2.27% | ||||
Iran | % | 0.105% | 29.6% | 34.1% | 24.2% | 17.5% | ||||
Iraq | % | 0.002% | 2.00% | 2.00% | 2.00% | 2.00% | ||||
Jordan | % | 0.033% | 4.47% | 2.27% | 2.30% | 2.51% | ||||
Kuwait | % | 0.022% | 0.800% | 3.00% | 3.60% | 3.20% | ||||
Pakistan | % | 0.041% | 3.93% | 7.48% | 6.47% | 5.00% | ||||
Qatar | % | 0.395% | 3.71% | 3.50% | 2.21% | 2.10% | ||||
Saudi Arabia | % | -0.002% | 2.60% | 2.02% | 2.25% | 2.17% | ||||
Syria | % | ... | ... | ... | ... | ... | ... | ... | ... | |
Turkmenistan | % | 8.04% | 9.45% | 8.24% | 6.00% | 6.00% | ||||
United Arab Emirates | % | 0.020% | 3.53% | 1.94% | 2.22% | 2.09% | ||||
Yemen | % | 24.7% | 41.8% | 20.0% | 7.50% | 5.00% |