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Sunday, May 22, 2022 10:42 GMT

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Rise in Kuwait Inflation


The consumer prices on an annual basis grew by 3.17 % in July, according to Kuwait Central Statistical Bureau. In a statement to KUNA yesterday, the bureau indicated that inflation rate in Kuwait increased by 0.25 % on a monthly basis due to rise of prices of some main groups that influence movement of the key indices.

It added that the consumer price index (CPI) for the food and beverage group rose by 10 % last July in comparison to the same period last year, whereas the cigarette and tobacco group remained the same at 135 point on an annual basis. The clothing group rose by 6.52 % and housing services increased slightly by 0.17 %, while furnishings climbed to 3.7 %.

As for medical group, it rose by 2.27 % and transportation surged by 5.4 %. The communications group increased by 4.6 %, and recreation and culture surged by 8.25 %, whereas education group declined by 15.46 %. Restaurants and hotels increased on yearly basis by 0.9 %.

The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services, and is used for identifying periods of inflation and deflation.


published:08/12/2021 05:15 GMT

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