Inflation rate increased in Kuwait

According to the report of the International Economic Group of Fars News Agency, quoting ALakhlej onlineThe inflation rate in Kuwait last October increased by 0.32 percent compared to last September, which was caused by the increase in the prices of basic groups.

Kuwait’s Central Bureau of Statistics announced that the general index of consumer prices (inflation) in Kuwait registered an increase, which was caused by the increase in the prices of some of the main groups affecting the movement of the indices. The department explained that annual inflation in Kuwait reached 3.27 percent compared to 3.19 percent in September.

According to this report, the consumer price index published by the Central Bureau of Statistics of Kuwait for last October showed that the food and beverage group increased by 0.89% and 6.63% on an annual basis compared to the previous month. had.

This department stated: This is due to the increase in the price of cereals, bread, meat, chicken, fish, seafood, dairy products, cheese, eggs, oil and fat, fresh, frozen and dried fruits and vegetables, sugar and its products and other materials. Food has been in Kuwait.

Also, in October, a price increase of 0.07% and 0.64% was registered in the category of cigarettes and tobacco, and 0.64% in the category of clothing and housing, and stability was recorded in the category of housing, transportation, education, restaurants and hotels.

Data from the Central Bureau of Statistics of Kuwait recorded a 3.19 percent increase in the consumer price index (inflation) last September on an annual basis.

The consumer price index is a tool to measure the level of prices generally between two monthly or yearly periods and is usually a basic indicator for measuring economic growth or contraction.

By measuring the inflation rate in a country, the government can make economic and commercial decisions and draw financial and monetary policies.

end of message/