Inflation in Kuwait
Kuwait - InflationThe economy gained steam in Q1 according to recent data, with growth clocking 2.6% year-on-year. Although the oil sector expanded slowly, constrained by OPEC+ production cuts, the non-oil sector picked up amid strong showings from the manufacturing, and hotels and restaurant subsectors. That said, non-oil performance was flattered by a change to the adjustment used to calculate GDP, and underlying momentum was softer. The economic picture appeared broadly unchanged in Q2; oil output was subdued, while the non-oil sector should have supported the economy. Private-sector credit growth was brisk in April and May, amid higher lending to firms and households. In politics, parliament approved the mildly expansionary 2019/20 budget in early July, with spending unchanged from the draft budget at KWD 22.5 billion, but revenue estimates revised down slightly.
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 %||Jul 31|
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