Inflation in Kuwait

Kuwait Inflation | Economic News & Forecasts

Kuwait - Inflation

The economic narrative so far in the third quarter appears broadly unchanged from the second quarter, although comprehensive Q2 GDP data is still outstanding. The oil sector is muted, constrained by over-compliance with OPEC production cuts. EIA data shows oil production averaged 2.7 million barrels per day (mbpd) in July and August, down from 2.8 mbpd in the same period a year prior. However, the non-oil sector should be compensating somewhat. In particular, mild price pressures, coupled with healthy employment and loan growth, are likely supporting consumer spending. This comes after the economy gained steam in the first quarter, thanks to strong growth in the non-oil sector offsetting a meek performance from the oil sector.

Kuwait - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.7  2.9  3.3  3.0  1.5  

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Kuwait Facts

ValueChangeDate
Exchange Rate0.30-0.05 %Sep 04

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