Data from the “Central Administration of Statistics” in Kuwait showed that the consumer price index rose by 4.24% on an annual basis in July. While the consumer price index rose 0.08% on a monthly basis in July, compared to June.
According to the “Central Administration of Statistics”, the inflation rate in Kuwait rose by 0.08% on a monthly basis due to the rise in the prices of a number of major groups affecting the movement of indices, especially foodstuffs and education.
The index of the food and beverage group increased last July by 7.75% compared to the same month of 2021, while the price index of the cigarette and tobacco group increased by about 0.07%. The index of indices for the clothing group increased by 5.59%, while the prices of the housing services group increased by 2.17%, while the inflation rate for the home furnishings group increased by 1.86%.
The health group price index also increased by 2.13%, while the transportation group witnessed an increase of 4.3% last July compared to the same month of 2021. The prices of the communications group rose by 2.03% on an annual basis, as it rose in the entertainment and culture group by 3.51%, while the prices of the education group jumped 19.05%. The prices of the restaurants and hotels group rose on an annual basis last July by 2.67%, while the prices of the goods and services group decreased by 2.86%.
Source (Emirati Gulf Newspaper, Edited)
