Kuwait’s Inflation Surged by 3.28% in January

Kuwait’s Inflation Surged by 3.28% in January

KUWAIT CITY, Feb 21: According to the data released by the Central Administration of Statistics, consumer price indexes (inflation) in Kuwait witnessed a 3.28 percent increase during January compared to the same period last year, reports Al-Rai daily. The statistics indicated a 0.15 percent monthly rise in inflation compared to December of the previous year. …

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KUWAIT CITY, Feb 21: According to the data released by the Central Administration of Statistics, consumer price indexes (inflation) in Kuwait witnessed a 3.28 percent increase during January compared to the same period last year, reports Al-Rai daily. The statistics indicated a 0.15 percent monthly rise in inflation compared to December of the previous year. The annual increase in inflation was primarily driven by rising prices across key groups affecting the overall index movement, notably in clothing, food, education, and housing services. Specifically, the food and beverages group index surged by 4.80 percent compared to January 2023, while the index for cigarettes and tobacco experienced a slight uptick of 0.22 percent annually.

The clothing group’s index notably increased by 6.43 percent, followed closely by a 2.35 percent increase in