Inflation is the top concern for people in Kuwait. The vast majority (87%) believe that prices have increased over the past 12 months, and as a result, so has their spending. People have experienced price increases across most categories, with food & beverage topping the list, followed by travel, and fashion items. People believe that the key contributors to this inflation is linked to the wars and conflicts, the pandemic, and traders and retailers raising prices.
45% have taken measures to deal with inflation, with consumers most likely to buy necessities only, eat more home-cooked meals, and shop from cheaper outlets.
Looking at the future, one-third are optimistic that prices will start stabilizing within the next 12 months, and 1 in 4 believe it could take up to 5 years.