Saturday , December 16 2017

Kuwait’s November inflation slows further to 3.4 percent – Prices of food and beverage climb 0.19 pct

KUWAIT CITY, Dec 25, (KUNA): Domestic Consumer Prices Index (CPI) rose 3.4 percent in November compared to the same month of 2015, the Central Statistical Bureau said in a report released on Sunday.

The general index figure dropped by 0.14 percent in November, on monthly basis, as compared to October.

Monthly consumers’ figure index, in November, showed stability in six main groups, causing the price index in one group to climb and drop in five others.

Price index of the main group (food and beverages) climbed in November by 0.19 percent, in contrast to the same month in 2015. However, the group saw drop on monthly basis estimated at 0.06 percent, while the price index climbed 0.2 percent in the second group (tobacco), on monthly basis, settling on monthly basis as well. The index of the third group (clothing, footwear) dropped in November by 1.09 percent, year/year, and by 0.39 percent, monthly.

Inflation in the fourth group (housing services) rose by 7.40 percent, year/year. In the group (home furnishings, equipment maintenance), it rose 2.15 percent annually.

Health sector witnessed climb of the inflation index, in November, by 1.86 percent, year/year, while transports jumped by 10 percent, yearly, but dropped monthly by 0.64 percent. Meanwhile, communication climbed by 0.2 percent on yearly basis.

Index of the entertainment and culture increased on annual basis by 0.16 percent, education climbed on same basis by 2.70 percent, restaurants and hotels 2.92 percent, commodities and various services 0.92 percent.

 

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