Kuwait government data show CPI rose 0.07% MoM and 2.49% YoY in May.

Kuwait's consumer price index (CPI) rose 0.07% on a monthly basis in May 2026, marking a slight deceleration from the 0.14% increase recorded in February 2026. On an annual basis, inflation stood at 2.49%, reflecting a moderate rise compared to the 1.92% rate in February. The annual inflation rate in February was the lowest since July 2020 and had averaged 2.86% from 1995 until 2026.

The latest data indicate a mixed performance across key categories. While transport costs had previously slipped into deflation (-0.07% in February 2026), the broader trend in May suggests a more stable inflationary environment. Analysts project that Kuwait's inflation rate will reach 2.30% by the end of the current quarter, with gradual decline to 2.20% in 2027 and 2.10% in 2028. These projections reflect expectations of continued economic stability and controlled price pressures in the coming years.