Kuwait’s annual record of the general index of consumer prices (inflation) rate rose in July by 2.71 percent compared with the same month of last year, the Central Statistical Bureau (CSB) announced Monday.
In its monthly report the CSB, however, stated that the inflation rate remained unchanged on month-on-month basis.
The CSB data showed that the inflation rate of four major groups increased, retreated for two groups and remained flat for six groups compared with that of June, KUNA reported.
The groups which recorded inflation rate rises month-on-month were: tobacco and narcotics; furnishing equipment and household maintenance; transport; and recreation and culture.
The groups whose inflation rates dropped were: clothing and footwear; and communications.
Source : WAM News Agency for United Arab Emirates
