Inflation in Kuwait
Kuwait - InflationThe economy likely gained momentum in sequential terms in the third quarter, after expanding robustly in Q2 due to a low base effect. Oil production rose at a brisk pace in the period, in line with OPEC+’s decision to ease output curtailments. This, coupled with higher oil prices, should have stoked the energy sector and public coffers somewhat. Meanwhile, looser restrictions and solid progress on the vaccine front likely benefited private consumption, as seen through strong retail sales and elevated household credit growth up to August. That being said, subdued business confidence weighed on corporate credit growth, while lower employment levels likely capped domestic demand. On the fiscal front, ongoing political gridlock surrounding a new debt law continues to hamper foreign investment sentiment amid a USD 3.5 billion Eurobond maturing early next year.
Kuwait - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.7||3.5||1.5||0.6||1.1|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||0.30||-0.05 %||Dec 31|
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