Inflation in Kuwait
Kuwait - InflationThe 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
|Inflation Rate (CPI, annual variation in %)||2.7||2.9||3.3||3.0||1.5|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||0.30||-0.05 %||Sep 04|
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