Inflation Kuwait 2024
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in February at 3.4%. The lowest inflation was in October at 2.4%.
- Highest month
- February: 3.4%
- Lowest month
- October: 2.4%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 5.4%. The lowest price increase was in Energy with an average of 1.2%.
- Highest increase
- Food: 5.4%
- Lowest increase
- Energy: 1.2%
Historical Context
Current inflation is around the 5-year average of 3.2%.
- 5-year average
- 3.2%
- 10-year average
- 2.6%
- All-time high (2011)
- 4.8%
- All-time low (2018)
- 0.5%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- October: -1.4 percentage points
ECB Target
Inflation is 0.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.3% | 0.0 |
| February | 3.4% | +0.2 |
| March | 3.0% | -0.7 |
| April | 3.2% | -0.5 |
| May | 3.2% | -0.5 |
| June | 2.8% | -1.0 |
| July | 3.0% | -0.7 |
| August | 2.9% | -0.9 |
| September | 2.8% | -0.9 |
| October | 2.4% | -1.4 |
| November | 2.4% | -1.4 |
| December | 2.5% | -0.9 |
| Average | 2.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.