Kuwait's inflation has climbed quickly over time in the past two years and has now become one of the highest inflation among GCC countries. The consumer price index of Kuwait has increased to 4.3% (y/y) in December 2021, which is the highest since October 2011. The key factors driving Kuwait's inflation high are price rise in Food & Beverages and Education. The Food & Beverages prices increased 7.2% (y/y) as of December 2021 on the back of increasing international food prices and supply chain disruptions. Housing services prices in Kuwait increased from being flat to positive as demand for real estate increased from the relaxation of Covid restrictions.
Kuwait's inflation is dependent on two major components Food & Beverage and Housing Services as their combined weightage is more than 50% of CPI. In the present situation, food inflation plays a major role in driving inflation. The price increase is attributable to several global issues that have an impact on the supply chain, including weak global production and supply, high land and sea transportation costs, partial employment, and unemployment. Considering the above and the geopolitical factors, inflation could be sticky.
Who prepared this report?
Experienced and qualified team of Marmore MENA Intelligence has prepared this report. Since its inception, Marmore has published over 1000 research reports and covered more than 25 varied industries and policy segments; all focused primarily on the GCC economies.
How exhaustive is this report?
The report spans 20 pages
Do you have updates?
No. This is a one off report.
Can I only download certain sections of the report?
No. The report can be downloaded in full length only
Can we ask questions?
Yes, by all means. You can write your queries to us at email@example.com