04 Jun 2015
(MENAFN) Kuwaiti Consumer Price Index (CPI), or inflation rate, reached 3.4 percent in April, marking a very slight increase by 0.1 percent compared to the same month last year, Kuwait Times reported.
The increase is attributed to a small rise in food prices, which continues to remain low and are even predicted to get lower due to the global decline in the prices of foodstuff.
However, the country’s core inflation decreased in April but remained relatively high at 3.7 percent year-on-year, which is attributed to inflationary gains in the maintenance, household service and education components.
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