Kuwait’s Inflation Surges by 3.69% in May – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

Kuwait’s Inflation Surges by 3.69% in May – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

This post has been read 280 times!

KUWAIT CITY, July 9: The consumer prices on annual basis grew by 3.69 percent during last May, according to the State of Kuwait Central Statistical Bureau (KCSB). In a statement to KUNA on Sunday, the bureau said that the inflation rate in Kuwait rose 0.15 percent last May, on a Monthly basis, due to the increase of prices of all main groups that influence the movement of key indices particularly food, education and clothing. Record number of the first group (food and beverages) last May went up by 6.85 percent, compared to May 2022, while the price index of the second group (cigarettes and tobacco) slightly rose by 0.30 percent on an annual basis.

The consumer price index (CPI) for the clothing group rose 6.80 percent, and the (housing services) rose by 2.55 percent, while the inflation rate in furnishings increased by 2.37 percent. KCSB noted that the health index rose 2.45 percent while rates of transport moved up by 2.99 percent compared to the same month in 2022. Communication rose by 1.33 percent on an annual basis, culture and entertainment went up by 2.84 percent while education rose by 0.48 percent.